Metaplanet Inc., a Japanese public company listed on the Tokyo Stock Exchange, has Announced an association with hoseMetaplanet, a global leader in bitcoin verification solutions, will launch a bitcoin Proof of Reserves system. This collaboration aims to improve transparency and trust in Metaplanet’s bitcoin holdings through Hoseki Verified, a bitcoin verification product.
“Companies like Metaplanet will define the future of the bitcoin industry,” said Sam Abbassi, Founder and CEO of Hoseki. “We are thrilled to support them in utilizing this fundamental feature of the bitcoin monetary network: its radical auditability and transparency.”
Hoseki Verified offers a public dashboard that provides real-time visibility into bitcoin holdings and displays verified assets with custodians such as Coinbase, BitGo, and Gemini. This initiative ensures that investors and stakeholders can verify the integrity of Metaplanet’s bitcoin holdings in real-time.
“As bitcoin adoption proliferates globally, the importance of transparency cannot be overstated,” said Dylan LeClair, Director of bitcoin Strategy at Metaplanet. “Our partnership with Hoseki aligns with the bitcoin ethos of ‘Trustless, Verify’ and pioneers transparency in a world where money exists on a transparent and auditable global ledger. This marks the beginning of a series of initiatives Metaplanet will undertake to uphold and promote these principles.”
Earlier this year, Metaplanet adopted MicroStrategy’s corporate model for bitcoin, purchasing bitcoin and holding it as the company’s primary treasury reserve asset. Since the initial purchase, the company has continuously purchased more and more bitcoin. Just yesterday, the company purchased an additional ¥200 million worth of btc.
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BREAKING NEWS: Japanese public company Metaplanet buys another ¥200 million of shares twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin image.twitter.com/jMuBtYaNqI
— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1815177368060801277?ref_src=twsrc%5Etfw”>July 22, 2024
Disclaimer: bitcoin Magazine is wholly owned by btc Inc., which also operates UTXO Managementa regulated capital allocator focused on the digital asset industry and invested in Metaplanet. UTXO invests in a variety of bitcoin businesses and holds significant stakes in digital assets.
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