Eric Trump is increasingly solidifying his role in the digital asset space with plans to attend a shareholders meeting in Tokyo, publicly predicting bitcoin prices and new business projects that expand the Trump family's cryptocurrency operations into Asia.
Bloomberg reported on Friday that Trump will attend the shareholders meeting of Metaplanet, a Japanese company, on September 1, following Michael Saylor's strategy (formerly MicroStrategy), citing sources close to the matter. Trump was appointed as a strategic advisor in March. His visit to Tokyo appears to follow his attendance at the Asia Bitcoin conference in Hong Kong on August 28-29.
A day earlier, Trump appeared at the Blockchain Summit in Wyoming, where he described himself as "a Bitcoin enthusiast" and stated that he now spends more than half of his time on cryptocurrency projects. He predicts that Bitcoin will reach $175,000 by the end of 2025 and will eventually exceed the $1 million mark. He argues that Bitcoin and Blockchain can address shortcomings in traditional finance, such as slow payment and settlement processes.
The Financial Times reported on August 15 that American Bitcoin — a mining and fund management company co-founded by Eric Trump and his brother Donald Trump Jr. — is exploring the acquisition of publicly listed companies in Japan and Hong Kong to serve as vehicles for bitcoin accumulation, following a strategy pioneered by MicroStrategy's Michael Saylor. The company is preparing to list in the U.S. through a reverse merger with Gryphon Digital Mining, a Nasdaq-listed company. Eric Trump is a co-founder and strategic director.
American Bitcoin was founded in May after reorganizing American Data Centers, an entity linked to Trump that took over mining rigs from Canada's Hut 8 operator. The company stated that it aims to become the most efficient bitcoin accumulation platform in the world, combining proactive treasury management with the production of new money.
The Trump family's cryptocurrency ambitions are not limited to Eric Trump. Trump Media & Technology Group, the parent company of Truth Social, raised over $2 billion in Q2 to create a Bitcoin investment fund. President Donald Trump revealed in June that he has $57 million in earnings from World Liberty Financial, a cryptocurrency startup founded last September.
These moves indicate that Eric Trump and his family are gradually engaging with cryptocurrency at a time when Japan and Hong Kong are competing to attract digital asset companies.
The FSA will approve the first stablecoin pegged to the yen this fall. Meanwhile, Hong Kong has issued a Stablecoin Ordinance, a legal framework requiring stablecoin issuers pegged to fiat currency to obtain a license from the Hong Kong Monetary Authority (HKMA).
