news.bitcoin.com
Enish, a Tokyo Stock Exchange-listed gaming company, has announced the purchase of 100 million yen ($660,000) worth of bitcoin. The investment aligns with the company’s strategy to deepen blockchain integration in game development and diversify financial assets.
Enish Strengthens Blockchain Game Development With Addition of Bitcoin to Financial Strategy
Japanese game developer Enish Co. has made a strategic investment in bitcoin, acquiring 100 million yen ($660,000) worth of the cryptocurrency with the purchase set to be completed between April 1 and April 4.
Enish views this acquisition as part of a broader initiative to deepen its understanding of blockchain technology and enhance its capabilities in game development. The company, known for its blockchain game De: Lithe Last Memories, aims to integrate crypto assets into its financial strategy while leveraging bitcoin’s liquidity, market stability, and potential long-term growth.
In addition to diversifying its asset portfolio, Enish plans to allocate a portion of its liquid funds to bitcoin holdings. The company will conduct quarterly market valuations of its bitcoin assets and include any gains or losses in its financial statements. Enish has also committed to disclosing any significant market events that could impact its performance.
This move underscores the growing interest of Japanese gaming firms in blockchain and cryptocurrency, as companies explore innovative ways to incorporate digital assets into their business models.