Metaplanet Inc., a Japanese public company listed on the Tokyo Stock Exchange, announced, Advertise Partnership with Hosikithe world’s leading Bitcoin verification solutions company, to launch a Bitcoin Proof of Reserves system. The collaboration aims to enhance 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 Abbasi, Founder and CEO of Hoseki. “We are excited to support them in leveraging this fundamental feature of the Bitcoin Cash network – its radical ability to be auditable and transparent.”
Hoseki Verified offers a public dashboard that provides real-time visibility into Bitcoin holdings, displaying assets that have been verified 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 spreads globally, the importance of transparency cannot be overstated,” said Dylan LeClair, Metaplanet’s Director of Bitcoin Strategy. “Our partnership with Hoske aligns with Bitcoin’s ‘trust, verify’ philosophy and promotes transparency in a world where money resides on a transparent, auditable global ledger. This marks the beginning of a series of initiatives Metaplanet will undertake to support and advance these principles.”
Earlier this year, Metaplanet embraced MicroStrategy’s Bitcoin guide by buying Bitcoin and holding it as the company’s primary reserve asset. Since the initial purchase, the company has been continuously buying more and more Bitcoin. Just yesterday, the company bought an additional 200 million yen worth of Bitcoin.
BREAKING: 🇯🇵 Japanese public company Metaplanet buys another 200 million yen worth of shares #Bitcoin pic.twitter.com/jMuBtYaNqI
— Bitcoin Magazine (@BitcoinMagazine) July 22, 2024
Disclaimer: Bitcoin Magazine is wholly owned by BTC Inc., which also operates UTXO Managementa dedicated capital allocation entity 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.