Metaplanet Corporation is a Japanese public company listed on the Tokyo Stock Exchange. Announced Partnership with Treasurea global leader in Bitcoin verification solutions, has partnered to launch the Bitcoin Proof of Reserve System. The partnership aims to increase transparency and trust in Metaplanet’s Bitcoin holdings through its Bitcoin verification product, Hoseki Verified.
“Companies like Metaplanet will define the future of the Bitcoin industry,” said Hoseki founder and CEO Sam Abassi. “We’re excited to help them take advantage of the core features of Bitcoin’s financial network: full auditability and transparency.”
Hoseki Verified provides real-time visibility into Bitcoin holdings and a public dashboard showcasing verified assets from custodians such as Coinbase, BitGo, Gemini, etc. The initiative allows investors and stakeholders to verify the integrity of Metaplanet’s Bitcoin holdings in real-time.
“As Bitcoin adoption grows globally, the importance of transparency cannot be overstated,” said Dylan Leclerc, director of Bitcoin strategy at Metaplanet. “Our partnership with Hoseki aligns with Bitcoin’s ‘trust not verify’ ethos and leads the way in transparency in a world where money exists on a transparent, auditable global ledger. This is the start of a series of efforts Metaplanet will undertake to protect and advance these principles.”
Earlier this year, Metaplanet adopted MicroStrategy Bitcoin’s corporate strategy to purchase Bitcoin and hold it as the company’s primary financial reserve asset. Since its initial purchase, the company has continued to purchase Bitcoin on an ongoing basis. Just yesterday, the company purchased an additional 200 million yen worth of BTC.
Latest Update: 🇯🇵 Japanese public company Metaplanet raises another JPY 200 million #Bitcoin pic.twitter.com/jMuBtYaNqI
— Bitcoin Magazine (@BitcoinMagazine) July 22, 2024
Disclaimer: Bitcoin Magazine is wholly owned by BTC Inc., which also owns UTXO Managementis a regulatory capital allocator focused on the digital asset industry and has invested in Metaplanet. UTXO invests in various Bitcoin ventures and holds significant amounts of digital assets.
