Eric Trump Doubles Down on Bitcoin Treasury Role in Japan

Bitcoin

Speculation surrounding Eric Trump’s business activity in Asia sent one Japanese stock soaring before crashing, but the U.S. president’s son has now set the record straight.

A photo of Trump standing next to the president of ABC, a Tokyo-listed firm formerly known as GFA, quickly circulated among investors. The image fueled talk that Trump was working with the company, sparking a rush of foreign buying. ABC’s share price spiked, only to plunge nearly 18% once Trump publicly denied any involvement.

Trump’s Statement

Posting on X, Trump said the photograph was taken casually at a conference and was not evidence of any partnership. “I don’t know who this is, nor do I have any involvement in this company,” he wrote, adding that his only business relationship in the region is with Bitcoin-focused Metaplanet.

Commitment to Metaplanet

Trump was recently named a strategic advisor to Metaplanet, which has drawn comparisons to MicroStrategy for its aggressive Bitcoin accumulation strategy. He attended the company’s shareholder meeting last week, reinforcing his association with the firm.

Metaplanet, for its part, continues to grow its crypto reserves. On Monday, it added 136 BTC to its balance sheet at an average cost of $111,783, bringing total holdings to 20,136 BTC — worth over $2 billion.

Trump’s clarification highlights both the market’s sensitivity to high-profile names and his intent to stay aligned solely with Metaplanet in Asia.

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Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.