{"id":347730,"date":"2024-07-23T14:21:53","date_gmt":"2024-07-23T13:21:53","guid":{"rendered":"https:\/\/coinfomania.com\/?p=347730"},"modified":"2024-07-23T14:21:58","modified_gmt":"2024-07-23T13:21:58","slug":"metaplanet-teams-with-hoseki-for-real-time-bitcoin-holdings-verification","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/metaplanet-teams-with-hoseki-for-real-time-bitcoin-holdings-verification\/","title":{"rendered":"Metaplanet Teams with Hoseki for Real-Time Bitcoin Holdings Verification"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinfomania.com\/?s=Metaplanet\"><strong>Metaplanet<\/strong><\/a><strong>, a financial services company, has entered into a collaboration with Hoseki, a provider of Bitcoin validation services.<\/strong><\/p>\n\n\n\n<p>This partnership is to enable users to check on the balance of Bitcoin held by Metaplanet in real time to increase the credibility. The partnership was announced on X, with Metaplanet stressing its focus on financial transparency as a key factor.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">*Metaplanet partners with Hoseki to verify <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> holdings* <a href=\"https:\/\/t.co\/ktZCYpodDZ\">pic.twitter.com\/ktZCYpodDZ<\/a><\/p>&mdash; Metaplanet Inc. (@Metaplanet_JP) <a href=\"https:\/\/twitter.com\/Metaplanet_JP\/status\/1815588305397772321?ref_src=twsrc%5Etfw\">July 23, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This particular scheme is intended to provide the observers with correct information about Metaplanet\u2019s Bitcoin assets via Hoseki Verified, a service, which is consistent with the principles of Bitcoin.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/a71c463e\/ad8c\/4140\/a963\/f496cffd70d5\/140120240723553120.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announcement highlighted<\/a> Metaplanet&#8217;s dedication to pioneering transparency in financial practices:The announcement highlighted Metaplanet&#8217;s dedication to pioneering transparency in financial practices:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&nbsp;\u201cAs Bitcoin adoption proliferates globally, the importance of transparency cannot be overstated.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-metaplanet-s-bitcoin-investment-strategy\"><strong>Metaplanet\u2019s Bitcoin Investment Strategy<\/strong><\/h3>\n\n\n\n<p>Metaplanet recently shared that it has a strategy to put $6m of the $10m raised through the recent bond sale into buying Bitcoins. The company, similar to MicroStrategy, will be able to recognize Bitcoin bought for the long term at the initial cost and not at the market value at the end of the period. Non-operating items will include other Bitcoin holdings that will be marked to market on a quarterly basis.<\/p>\n\n\n\n<p>The decision on the integration of Bitcoin into Metaplanet\u2019s treasury assets was prompted by the wish to minimize the reliance on the Japanese yen due to Japan\u2019s low-interest-rate regime.<\/p>\n\n\n\n<p>Furthermore, Bitcoin is viewed as an inflation hedge, a macroeconomic asset, and a means of generating returns over the long term. Metaplanet has seen an increase in its share price since it started holding bitcoin as a reserve asset.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-recent-bitcoin-acquisitions-and-market-response\"><strong>Recent Bitcoin Acquisitions and Market Response<\/strong><\/h3>\n\n\n\n<p>Metaplanet has been very active on the acquisition front for its Bitcoin business during the month of July. The company has also <a href=\"https:\/\/coinfomania.com\/the-microstrategy-of-japan-metaplanet-just-bought-more-bitcoin-and-its-stock-price-went-up-19\/\">recently<\/a> acquired an additional 20.38 Bitcoins at a cost of $1.2 million, after purchasing Bitcoins worth \u00a5200 million ($1.4 million) the prior week. Before, Metaplanet purchased 42.47 Bitcoin which is equivalent to $2.3 million. Thus, Metaplanet has acquired the total of nearly 246 BTC that is worth approximately $16.7 million now.<\/p>\n\n\n\n<p>Thus, the company has been adopting an aggressive acquisition policy and the market has positively received it. Metaplanet which has been undergoing many acquisitions has seen its stock price rise by 25% after the latest purchase. The company saw its shares rise by more than 104% over the course of the past month, indicating that investors are bullish on the firm\u2019s Bitcoin strategy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-macroeconomic-factors-and-corporate-engagement-in-bitcoin\"><strong>Macroeconomic Factors and Corporate Engagement in Bitcoin<\/strong><\/h3>\n\n\n\n<p>Current macroeconomic conditions, including elevated inflation and global conflicts, have forced many corporate treasurers to consider Bitcoin as an investment. The San Francisco and Manila-based digital asset prime services platform, Abra, has noted that more non-crypto native businesses are now exploring the use of Bitcoin for this purpose.&nbsp;<br>Metaplanet\u2019s strategy of buying Bitcoin is similar to that of <a href=\"https:\/\/coinfomania.com\/?s=MicroStrategy\">MicroStrategy<\/a>, a business intelligence company that has been buying Bitcoin since 2018. MicroStrategy owns more than 226,000 BTC which makes the company\u2019s holdings more than 1% of the total bitcoin supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metaplanet, a financial services company, has entered into a collaboration with Hoseki, a provider of Bitcoin validation services. This partnership [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":347731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1812,5],"tags":[1926,2663,2507],"ppma_author":[1759],"class_list":["post-347730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-crypto-news","tag-bitcoin-2","tag-hoseki","tag-metaplanet"],"acf":[],"authors":[{"term_id":1759,"user_id":52,"is_guest":0,"slug":"victor-muriki","display_name":"Victor Muriki","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/1c1862d1444b04b9e171e111cbd743b5?s=96&r=g","first_name":"Victor","twitter":"https:\/\/twitter.com\/VictorMuriki1","instagram":"https:\/\/www.instagram.com\/i.am_sheriff\/","linkedin":"https:\/\/www.linkedin.com\/in\/victor-muriki-0a5618253\/","user_url":"","last_name":"Muriki","facebook":"https:\/\/www.facebook.com\/profile.php?id=100086410154112","description":"Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery."}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/347730"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=347730"}],"version-history":[{"count":1,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/347730\/revisions"}],"predecessor-version":[{"id":347747,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/347730\/revisions\/347747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/347731"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=347730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=347730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=347730"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=347730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}