Eric Trump to attend Tokyo Metaplanet as it plans 884m to buy bitcoin

Eric Trump was expected to attend a shareholder meeting of Tokyo-listed bitcoin treasury firm Metaplanet on Monday as the U.S. president's family expands its international cryptocurrency ventures, company officials and other attendees said. Shareholders were set to vote on a proposal to issue up to 550 million new shares overseas, a sale that would raise about 130.3 billion yen, or roughly $884 million, with the majority of proceeds intended to buy additional bitcoin.

Asher Genoot, chief executive of the entity that holds an approximately 80 percent stake in American Bitcoin, said Eric Trump would be at the Metaplanet event. Eric Trump, who was named a strategic adviser to Metaplanet in March, had appeared last week at the Bitcoin Asia conference in Hong Kong, according to reports. Metaplanet declined to comment on his involvement, and a representative for Eric Trump did not respond to requests for comment.

Three people who left the meeting in Tokyo's Shibuya district told reporters the capital-raising plan had been approved and that Eric Trump was scheduled to speak at a later fireside chat at the same venue. Media were not permitted inside the meeting, where attendees...