Eric Trump is expanding his involvement in the digital asset space, reportedly planning to attend a shareholder meeting in Tokyo. He has also publicly shared predictions about Bitcoin’s future value and is launching new business ventures aimed at extending the Trump family’s cryptocurrency interests into Asia.
According to a report published Friday by Bloomberg reported, Trump is scheduled to participate in a September 1st shareholder meeting hosted by Metaplanet, a Japanese company drawing inspiration from Michael Saylor’s Strategy (formerly MicroStrategy) investment approach, as mentioned by inside sources. Trump was appointed as strategic advisor for this company back in March. This Tokyo engagement follows his planned appearance at the Bitcoin Asia conference in Hong Kong, scheduled for August 28th and 29th.
Just a day before the announcement, Trump spoke at the Wyoming Blockchain Symposium. There, he described himself as a committed “Bitcoin maximalist,” stating he now dedicates over half his work time to crypto-related projects. He forecasted that Bitcoin will reach $175,000 by the close of 2025 and eventually surpass the $1 million mark. He suggested that Bitcoin and blockchain technology could rectify shortcomings found within traditional financial systems, specifically addressing sluggish payment speeds and settlement times.
On August 15th, the Financial Times reported that American Bitcoin – a bitcoin mining and treasury management firm co-founded by Eric Trump along with his brother, Donald Trump Jr. – is considering acquiring publicly traded companies located in both Japan and Hong Kong. The aim is to utilize these firms as vehicles for accumulating Bitcoin reserves, echoing the strategy initially implemented by Michael Saylor’s MicroStrategy. The company intends to become publicly traded in the U.S. through a reverse merger transaction with Gryphon Digital Mining, which is already listed on the Nasdaq exchange. Eric Trump serves as a co-founder and the chief strategy officer.
American Bitcoin emerged in May following a restructuring of American Data Centers, a Trump-affiliated entity which incorporated mining resources from Canadian operator Hut 8. The company has publicly stated its ambition to become the world’s premier and most effective Bitcoin accumulation platform by uniting dynamic treasury management with continuous new Bitcoin production.
The Trump family’s engagement with crypto extends beyond Eric Trump. Trump Media & Technology Group, the parent company of Truth Social, secured over $2 billion during the second quarter to build a Bitcoin reserve. President Donald Trump reported in June receiving $57 million in revenue from World Liberty Financial, a cryptocurrency startup established in September of the previous year.
These developments underscore how Eric Trump and his family are actively embracing cryptocurrency, particularly at a time when Japan and Hong Kong are actively competing to attract businesses involved in digital assets.
Japan’s Financial Services Agency (FSA) is set to approve the first stablecoin denominated in Japanese yen as early as this coming fall. Simultaneously, Hong Kong has implemented the Stablecoins Ordinance, a regulatory structure mandating that all issuers of stablecoins backed by fiat currencies must secure a license from the Hong Kong Monetary Authority (HKMA).