Metaplanet joins top 10 corporate bitcoin holders
Bitcoin had a sluggish week, with the price stalled in the mid-$80,000 range for another week.
President Trump’s hyped appearance for the Digital Asset Summit fell flat as it was simply a short, prerecorded message. Many in the space were hoping for grandiose announcements, but there was nothing of substance in the under three-minute speech.
The president’s son, Eric Trump, made his own crypto news this week. Japanese company Metaplanet, which has been on a bitcoin buying spree, appointed the younger Trump to its newly established strategic board of advisors on Friday.
“This appointment marks a significant step in Metaplanet’s continued mission to drive bitcoin adoption and strengthen its position as a global leader in the bitcoin economy,” the company said in a statement.
Metaplanet also bought 150 bitcoin this week, bringing its stash to 3,200 bitcoin.
“With today’s Bitcoin purchase, Metaplanet has leapfrogged into the Top 10 publicly listed Bitcoin holders globally!” Metaplanet CEO Simon Gerovich posted on X.
Michael Saylor’s Strategy also added to its stash this week, though it was a relatively small purchase of 130 bitcoin. The company is still leading the stockpiler pack, hodling 499,226 bitcoin.
Finally, psychedelics-focused biotech company ATAI announced it was establishing a bitcoin reserve. Chairman Christian Angermayer said in a post that the company “will invest an initial position of $5 million in bitcoin.”
