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Tokyo-listed mobile game studio Gumi Inc. has announced plans to purchase bitcoin worth 1 billion Japanese yen approximately $6.58 million. The acquisition scheduled between February and May aims to enhance the firm’s financial base as it expands into blockchain technology and other related ventures.
Gumi is set to become the first Japanese listed company to engage as a validator in the bitcoin staking protocol Babylon marking a significant milestone in its fiscal strategy for the year ending April 2025. The company anticipates earning additional revenue from both staking its excess bitcoin and collecting validator rewards enhancing its overall financial performance.
With a robust portfolio of internationally recognized mobile games and ownership of venture capital firm gumi Cryptos Capital Gumi’s latest move into cryptocurrency underscores its commitment to integrating advanced technologies into its business model. The firm also plans to assess the fair market value of its cryptocurrency holdings quarterly ensuring transparent financial reporting.
