Eric Trump-linked firm becomes 6th largest Bitcoin holder

Metaplanet (3350.T), Japan's largest corporate holder of Bitcoin, has now become the world's sixth-largest Bitcoin treasury company.

As reported earlier, the firm appointed U.S. President Donald Trump's son Eric to its board of advisors in March. Metaplanet made its first Bitcoin purchase in April 2024 and now holds 20,000 BTC.

Related: What is Crypto? Cryptocurrency explained

The firm dethroned the Bitcoin miner Riot Platforms (Nasdaq: RIOT), which holds 19,239 BTC, to occupy the spot.

It is even ahead of Trump Media & Technology Group (Nasdaq: DJT), the firm majority-owned by Eric's father President Trump, which holds 15,000 BTC.

Michael Saylor-led MicroStrategy (Nasdaq: MSTR) still leads the race globally, holding 632,457 coins.

Metaplanet hoping to raise $884M to acquire Bitcoin

Eric Trump was in Japan on Sep. 1 to attend Metaplanet's extraordinary shareholders' meeting to discuss the Bitcoin firm's plan to approve a plan that would allow it to raise $884.41 million via the sale of up to 550 million new shares overseas, the proceeds of which will flow into the acquisition of additional Bitcoin.

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Metaplanet's capital raise announcement didn't have a positive impact on the company's stock, as it fell more than 5% to close at $831 on Sep. 1.Eric Trump, executive vice president of the Trump Organization, during the Bitcoin Asia conference in Hong Kong, China, on Friday, Aug. 29, 2025.

Trump family's crypto ventures

The Trump family is one of the wealthiest business families in the U.S., which has pivoted to several crypto ventures, such as:

TRUMP and MELANIA meme coins World Liberty Financial, a decentralized finance project USD1 stablecoin American Bitcoin, a Bitcoin mining enterprise

In fact, American Bitcoin is striving to make its public debut on Nasdaq this month.

As per Kraken's price feed, Bitcoin was exchanging hands at $109,487.02 at the time of writing.

This story was originally reported by TheStreet on Sep 1, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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