In a significant development that sent ripples through the cryptocurrency market, Metaplanet's stock soared by an impressive 17.8% following the announcement of Eric Trump’s appointment to its newly established Strategic Board of Advisors.

Based in Japan, Metaplanet is focusing its efforts on accumulating Bitcoin, with an ambitious target of reaching 10,000 BTC by 2025. This strategic goal positions the firm as a formidable presence within the Bitcoin economy, signaling its commitment to being a leader in the market.

The addition of Eric Trump, known for his executive role at the Trump Organization, marks a pivotal advancement for Metaplanet. This high-profile appointment is anticipated to elevate the company's credibility and expand its reach, particularly in Western financial markets where institutional interest in Bitcoin is steadily gaining traction.

CEO Simon Gerovich underscored the significance of this appointment, noting that Trump’s strategic vision dovetails perfectly with Metaplanet's mission of treating Bitcoin as a viable store of value. The firm has recently ramped up its acquisition efforts, acquiring an additional 150 BTC, bringing its total holdings to approximately 3,200 BTC.

This bullish strategy is reflective of a larger trend seen across the corporate world, where firms are gravitating towards Bitcoin as a hedge against inflation and uncertainty in global markets. Metaplanet’s approach mirrors the strategy employed by other notable companies like MicroStrategy, which emphasizes Bitcoin as a treasury asset.

The market's reaction was immediate and pronounced, with Metaplanet’s shares jumping 17.8% within the first hour and twenty minutes of trading after the announcement. This stock surge not only indicates strong investor confidence in the company's strategic roadmap but also highlights the influential role that prominent figures like Eric Trump can play in driving investor sentiment in the volatile cryptocurrency sector.

As Metaplanet embarks on this exciting new chapter under Trump's advisory, the implications are clear: the company is set to become a key player in the Bitcoin landscape. With an expanding treasury and a keen focus on institutional adoption, Metaplanet is well on its way to solidifying its position in this rapidly evolving industry. The future for Metaplanet and its stakeholders looks promising as they navigate the complexities of the cryptocurrency market with newfound vigor.