Japanese Gaming Firm Gumi to Invest in Bitcoin to Strengthen Web3 Presence
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Gumi invests 1 billion yen in Bitcoin to strengthen its Web3 presence, enhance blockchain services, and boost financial growth. Gumi Inc., a Japanese mobile game studio, has decided to invest in Bitcoin. This was included in a news release on February 10. It intends to purchase 1 billion yen worth of Bitcoin. This spending will further increase its investment in the cryptocurrency market. This resolution was made in a board of directors meeting. In this way, the firm is looking to improve its financial services, particularly in the area of business related to blockchains. Gumi is one of the emerging players in the blockchain business. Its node operation business is advancing favorably. In the second quarter of the fiscal year, which will end in April 2025, the company became the first publicly listed company in Japan to act as a validator for “Babylon.” Moreover, this protocol allows Bitcoin, which has not been used, to be staked to secure other blockchain networks. The company believes that investment in Bitcoin and staking via Babylon will be more revenue productive. Additionally, its income is expected from the increase in value of Bitcoin as well as from staking and validating rewards. Gumi to Monitor Bitcoin Holdings for Financial Impact This spending will help Gumi consolidate its business of node operations. It will furthermore extend the company’s dominance within the Web3 ecosystem. The organization considers the blockchain as a foundational element of its business in the coming years. Holding Bitcoin will allow the firm to benefit from the bullish trends in the cryptocurrency market. The firm believes this decision will enhance its competitiveness in the market. The purchase of Bitcoin is projected between February and May of 2025. In addition, Gumi will supervise its cryptocurrency assets every quarter, and it will acknowledge any gains or…
Filed under: News - @ February 11, 2025 10:20 pm