Eric Trump Joins Metaplanet Shareholder Meeting In Tokyo Amid Vote On $884 Million Capital Raise
US President Donald Trump’s son, Eric Trump, was expected to attend a Metaplanet shareholders meeting today as the company prepares to vote on an $884 million capital raise to expand its Bitcoin holdings. That’s after the company announced its latest Bitcoin buy today of 1,009 BTC for about $112 million, pushing its BTC holdings to 20K. That made the company t he sixth-largest corporate Bitcoin holder, overtaking Riot Platforms, data from Bitcoin Treasuries shows. Trump To Attend Metaplanet Vote As Declining Share Price Puts Pressure On BTC Funding The shareholders meeting will focus on whether the company should sell up to 550 million new shares to overseas investors. Should the move get approved, it could see Metaplanet raise about $884 million to bolster its already-large BTC reserves. Metaplanet has already said that a bulk of those proceeds will be used to purchase more BTC. The efforts to raise capital from offshore investors come as Metaplanet...