Golden Finance reports that according to Bitcoin Magazine, the Japanese mobile game studio Gumi has made a major investment decision to purchase Bitcoin worth 1 billion yen (approximately 6.96 million US dollars at the current exchange rate).
As early as February 11th, Gumi, a company listed on the Tokyo Stock Exchange, had announced its plan to invest 1 billion yen in purchasing Bitcoin and expected to complete the transaction between February and May. Gumi stated that the purchase of Bitcoin is aimed at improving the company’s financial situation in blockchain and other businesses, including expanding its node operation business. In addition, Gumi will become the first listed company in Japan to participate in the Bitcoin staking protocol Babylon as a validator in the second quarter of the fiscal year ending in April 2025. In addition to expecting to make profits from the rise in Bitcoin prices, the company also hopes to gain secondary income by investing the remaining Bitcoin funds in the Babylon Protocol and obtaining validator rewards.
Gumi was founded in 2007. Initially, it focused on the development and distribution of mobile games as its core business and achieved remarkable results in the field of mobile social games in Japan. It has launched popular games such as “Brave Frontier” and “Phantom of the Kill” on platforms like GREE. In recent years, Gumi has been actively expanding its business scope, venturing into blockchain technology, virtual reality (VR), augmented reality (AR), and related fields of the metaverse. In terms of blockchain and crypto asset investment, Gumi invests in multiple blockchain projects and crypto assets through its subsidiary gumi Cryptos Capital (gCC).
This time, Gumi’s purchase of a large amount of Bitcoin not only demonstrates its diversified financial strategy but also reflects the new trend of integration between the gaming industry and the cryptocurrency field. With the continuous expansion of the application scenarios of blockchain technology in the gaming field, such as the decentralized trading of in-game assets and the rise of the play-to-earn model, more and more game companies like Gumi have begun to pay attention to and get involved in the cryptocurrency field. In the future, how Gumi will further integrate its Bitcoin assets with its own business and what impact this investment decision will have on its business development and financial condition are worth continuous attention.
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