Eric Trump took the stage in Tokyo on Monday to throw his support behind Japanese bitcoin treasury company Metaplanet, as the U.S. president's family expands its crypto ventures internationally.
The second son of U.S. President Donald Trump was named in March as an adviser to Metaplanet, which holds more than $2 billion in bitcoin, and his attendance at the company's extraordinary shareholders meeting followed an appearance last week at the Bitcoin Asia conference in Hong Kong.
Metaplanet called the meeting to approve a plan that would allow it to sell up to 550 million new shares overseas for ¥130.3 billion ($884.41 million), with the bulk of the proceeds to be spent on buying more bitcoin. Three people who came out of the meeting held in the Shibuya area of Tokyo said the capital-raising plan was approved.
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