Eric Trump showed support for Japanese bitcoin treasury company Metaplanet in Tokyo. The company plans to sell up to 550 million new shares for $884.41 million to buy more bitcoin. Metaplanet is the seventh-largest holder of public treasuries globally, with 20,000 coins. Shares have surged 740% in the past year.

Metaplanet, previously a hotel operator, transitioned to crypto in 2024, inspired by Michael Saylor’s bitcoin treasury firm. Eric Trump and CEO Simon Gerovich wore matching jerseys at the shareholders’ meeting. The company’s shares have surged but dropped 5.5% on Monday. Eric Trump is a board adviser for the company.

Donald Trump, the “crypto president,” supports crypto to improve the banking system and boost the U.S. dollar’s dominance. American Bitcoin, founded by Eric Trump, aims to list on Nasdaq this month. Eric Trump predicts bitcoin will reach $1 million in value. Bitcoin traded at $108,046.79 on Monday.

Read more at Yahoo Finance: Eric Trump takes stage in Japan as bitcoin firm Metaplanet votes on capital plan