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Japanese Game Firm to Allocate $6.58 Million for Bitcoin Acquisition

source-logo  news.bitcoin.com 11 February 2025 11:30, UTC

Japanese mobile game developer Gumi Inc. announced plans to purchase 1 billion yen ($6.58 million) in bitcoin, aiming to bolster its blockchain initiatives and capitalize on cryptocurrency market opportunities.

Gumi Unveils Bitcoin Purchase Plan and Babylon Staking as Part of Web3 Expansion Strategy

Gumi, a Tokyo-listed mobile game studio, disclosed the decision following a board meeting on Feb. 10, 2025. The company will acquire bitcoin over a three-month period starting in February, using surplus funds to diversify its financial strategy.

The purchase aligns with Gumi’s efforts to expand its blockchain node operations, particularly through its participation in Babylon, a staking protocol enabling Bitcoin to secure other blockchain networks. Gumi became the first Japanese public company to join Babylon’s validator program in Q2 2025, leveraging idle bitcoin holdings for staking rewards.

By investing in bitcoin (BTC), Gumi anticipates gains from potential price appreciation and staking-related income. The firm emphasized its focus on enhancing its Web3 presence, citing blockchain as a core growth driver.

Gumi plans to evaluate its cryptocurrency holdings quarterly, reflecting market value changes in financial statements. Significant impacts on consolidated earnings will be promptly disclosed, per regulatory requirements.

The move highlights Gumi’s strategic shift toward integrating cryptocurrency assets into its business model. In the past, the company previously forged alliances with gaming titan Square Enix and financial conglomerate SBI Holdings.

news.bitcoin.com