The post Tokyo Game Studio Gumi Inc. Announces Plan to Buy ¥1 Billion ($6.58 Million) in Bitcoin appeared first on Coinpedia Fintech News
Tokyo-based gaming company Gumi Inc. has announced plans to invest 1 billion Japanese yen (approximately $6.58 million) in Bitcoin. The purchase is expected to take place between February and May 2025, marking a significant expansion into Web3 technology.
Gumi Inc. Plan To Invest ¥1 Billion
Gumi Inc., known for its popular mobile games like Final Fantasy: Brave Exvius, sees Bitcoin as a strategic asset for both financial security and blockchain growth. The company’s goal is to enhance its presence in the Web3 space while utilizing Bitcoin to strengthen its business.
In a recent statement, Gumi Inc. has announced a bold plan to invest ¥1 billion (around $6.58 million) worth of BTC by May. The company aims to strengthen its blockchain node operations and expand deeper into the Web3 space.
Additionally, the company will evaluate its crypto holdings regularly and report any gains or losses in its financial records.
Bitcoin Staking and Validator Role
Beyond just buying Bitcoin, Gumi is taking an active role in blockchain infrastructure. The company recently became Japan’s first publicly traded firm to serve as a validator in the Babylon protocol, a project focused on Bitcoin staking.
By staking Bitcoin, Gumi aims to earn rewards from network validation, creating an additional revenue stream alongside potential price appreciation. The company also stated that it would assess the fair market value of its holdings every quarter and reflect any gains or losses in its financial reports.
Growing Bitcoin Adoption in Japan
Gumi isn’t the only Japanese company embracing Bitcoin. Metaplanet Inc., a financial advisory firm, has also adopted a Bitcoin treasury strategy. The company currently holds 1,762 BTC and has plans to increase its reserves to 10,000 BTC by the end of the year.
Meanwhile, Japan’s government has been making regulatory changes to encourage cryptocurrency adoption. In June 2023, the National Tax Agency revised tax laws to exempt crypto issuers from 30% corporate taxes on unrealized gains.
With increasing corporate and regulatory support, Japan is emerging as a key player in the global Bitcoin and Web3 landscape.
