Tokyo-based game developer Gumi has announced plans to purchase approximately $6.58 million worth of Bitcoin.
Gumi, aiming to complete the acquisition by the second quarter of its 2025 fiscal year. This move is considered a key step in expanding its blockchain operations and strengthening its presence in the Web3 space.
Gumi’s Bitcoin Acquisition and Strategy to Strengthen Web3
With this Bitcoin acquisition, Gumi plans to enhance its capacity for running blockchain nodes and secure a more robust position in the Web3 sector. The company has also become the first publicly listed company in Japan to participate as a validator in the Bitcoin staking protocol Babylon. This move is expected to generate additional revenue by staking its BTC assets.
As part of its involvement in the Babylon protocol, Gumi aims to benefit from both validator rewards and Bitcoin price increases. The company will also reassess its BTC assets quarterly, adjusting their value according to market conditions and reflecting any gains or losses in its financial statements. This approach will help strengthen both the operational and financial structure of the company.
Gumi’s Blockchain Vision and New Goals
Although Gumi is well known for its success in the gaming industry, with popular titles like Final Fantasy: Brave Exvius and Brave Frontier, the company has been increasing its focus on blockchain investments. Beyond the gaming sector, Gumi is making significant strides in the blockchain field, particularly through its subsidiary, Gumi Cryptos Capital (gCC), which invests in early-stage cryptocurrency projects.
Experts believe Gumi’s announcement to purchase Bitcoin could serve as an inspiring example for other companies in Japan interested in BTC investments. For instance, Metaplanet, a Japanese investment consulting firm, has become the first publicly traded company to build a Bitcoin treasury. Currently, Metaplanet holds 1,762 BTC and plans to increase that amount to 10,000 by the end of the year.
Stock Price Surge and Investor Interest
Following Gumi’s Bitcoin acquisition announcement, the company’s stock price surged by 3.65%, reaching 454 Japanese yen. Meanwhile, Bitcoin was trading at $97,608 at the time the news broke. This move indicates that Gumi’s blockchain investments have significant potential for the company’s future and highlights its growing interest in the cryptocurrency sector.
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