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Metaplanet Spends Another $12.6 Million Buying Bitcoin, Just Days After Bringing On Eric Trump as Advisor

In a move that has left many in the cryptocurrency space scratching their heads, Metaplanet, a blockchain-based social media platform, has announced that it has spent another $12.6 million purchasing Bitcoin. This latest move comes just days after the company brought on Eric Trump, the son of former President Donald Trump, as an advisor.

According to a statement released by Metaplanet, the company has been increasing its Bitcoin holdings over the past few months, with the latest purchase bringing its total holdings to over $50 million. The company has not disclosed the exact timing of the purchase, but it is believed to have occurred in the days following Eric Trump's appointment as an advisor.

The move has raised eyebrows in the cryptocurrency community, with many questioning the timing and motivations behind Metaplanet's latest Bitcoin purchase. Some have speculated that the company may be trying to capitalize on the growing interest in Bitcoin and other cryptocurrencies, while others have suggested that the purchase may be a sign of the company's commitment to the technology.

In a statement, Eric Trump said, "I am excited to be working with Metaplanet and to be a part of their efforts to make a positive impact on the world through blockchain technology. I believe that Bitcoin and other cryptocurrencies have the potential to change the world and I am proud to be a part of this effort."

Metaplanet's latest Bitcoin purchase is just the latest in a series of moves by the company to increase its presence in the cryptocurrency space. In recent months, the company has also launched a number of initiatives aimed at promoting the use of blockchain technology and cryptocurrencies, including the creation of a cryptocurrency-based rewards program and the launch of a cryptocurrency-based payment processing system.

The company's latest move is likely to be closely watched by investors and cryptocurrency enthusiasts alike, as it continues to make waves in the blockchain space.