Eric Trump, son of U.S. President Donald Trump, recently issued a statement to clarify rumors surrounding a photograph that suggested his involvement in a potential business deal with an Asian company. The image, which captured him alongside the CEO of an unnamed firm, had fueled speculation within the business community about a possible transaction. In response, Eric Trump firmly denied any association with the company, stating that he does not know the individual in the photograph and has no involvement in their operations.
The photograph in question was taken during a conference Eric Trump attended in Asia, which he explained was the sole context of the encounter. He emphasized that his only current business collaboration in the region is with Metaplanet, a Japanese bitcoin treasury company where he serves as a strategic advisor. This role, which he assumed in March 2025, aligns with his growing involvement in the cryptocurrency sector, a field his family has increasingly embraced.
Metaplanet, formerly a hotel operator known as Red Planet Japan, has pivoted to focus heavily on bitcoin investments, a strategy inspired by Michael Saylor’s bitcoin treasury firm. The company has seen significant success, with its shares surging approximately 740% over the past year, far outpacing the broader market. Eric Trump’s advisory position with Metaplanet underscores his commitment to advancing digital asset adoption, a mission he has championed alongside his brother, Donald Trump Jr., through ventures like American Bitcoin, a cryptocurrency mining company aiming to list on Nasdaq.
The clarification comes amid heightened interest in the Trump family’s expanding crypto ventures, particularly in Asia. Eric Trump’s recent appearances at events like the Bitcoin Asia conference in Hong Kong and Metaplanet’s shareholder meeting in Tokyo have drawn attention to his role in promoting bitcoin as a strategic reserve asset. His involvement with Metaplanet is seen as part of a broader effort to bridge institutional and retail markets in the cryptocurrency space, leveraging Japan’s crypto-friendly regulatory environment, which includes recent reforms under the Financial Instruments and Exchange Act.
By addressing the rumors directly, Eric Trump sought to dispel misinformation and reaffirm his focus on Metaplanet as his sole business engagement in Asia. The statement aims to provide clarity for investors and stakeholders, reducing speculation-driven noise in the market. As the Trump family continues to expand its footprint in the global cryptocurrency landscape, such clarifications are likely to remain critical in maintaining transparency and credibility.
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