Tokyo-listed mobile game studio Gumi Inc. is making waves with its latest announcement. The company plans to buy a large amount of Bitcoin, worth 1 billion Japanese yen(about $6.58 million). They will prepare for this purchase from February to May, and it is part of their strategy to ramp up their Web3 business and node operations.
Bitcoin Investment, An Open-Door
Since launching in 2007, Gumi has made a solid name in the mobile gaming world, getting listed on the Tokyo Stock Exchange in 2014. They are known for hit games like “Final Fantasy: Brave Exvius” and “Brave Frontier,” which have a huge fan base in Japan and internationally.
Additionally, Gumi runs Gumi Cryptos Capital (gCC), a venture capital firm that invests in up-and-coming blockchain and crypto companies. This shows they are serious about staying ahead in tech. Gumi is Japan’s first publicly traded company to join the Bitcoin staking protocol called Babylon, marking a milestone for them.
Diversifying With A View to Winning
Gumi’s investment in Bitcoin reveals its readiness to boost its finances while exploring new ways to thrive in the rapidly changing crypto world. They plan to use any extra gains from their Bitcoin investments to participate in the Babylon staking agreement, which could help them earn from rising Bitcoin prices, staking rewards, and validator benefits.
Gumi also plans to check the fair market value of its crypto holdings every quarter to keep things transparent. Following the announcement, Gumi’s stock shot up by 3.65%, closing at 454 yen, reflecting market optimism. At the same time, Bitcoin was trading at $97,608, up about 0.8% from the previous day.
In another interesting move, Metaplanet Inc., a Japanese investment advisory firm, has become Japan’s first publicly traded company to set up a Bitcoin treasury. The firm currently holds 1,762 BTC and plans to grow its crypto stash to 10,000 BTC by year’s end, demonstrating its ambitious investment strategy in the growing crypto market.
