Japanese sport studio Gumi has permitted a $6.6 million Bitcoin buy to double down on blockchain staking.
Gumi Inc., a Japanese cellular sport studio, is seeking to strengthen its crypto presence with a serious Bitcoin (BTC) buy. In a Feb. 10 press release, the Tokyo-listed agency revealed that its board of administrators has permitted the plan to buy Bitcoin price JPY 1 billion (round $6.58 million) by Could to broaden its blockchain node operation enterprise.
Following the information, Gumi’s shares noticed a 3.6% uptick, reaching ¥454 (about $3), in keeping with Google Finance information. Gumi additionally unveiled that in Q2 of the fiscal yr ending in April, it’ll turn out to be the “first publicly listed firm in Japan to take part as a validator” within the staking protocol Babylon.
“By this initiative, we purpose to additional strengthen our node operation enterprise and improve our presence within the web3 area.”
Gumi
Gumi plans to make use of its Bitcoin holdings for staking by Babylon, hoping to profit from Bitcoin’s potential worth development in addition to earn income from staking and validator rewards. The studio additionally plans to frequently assess its crypto holdings and file any beneficial properties or losses in its monetary statements.
Gumi’s transfer provides to the rising development of Asian corporations adopting crypto. Again in December 2024, Remixpoint, a Japanese power and automotive consulting firm, added extra Bitcoin to its portfolio for $1.38 million, bringing its complete crypto holdings to $27.59 million. In the meantime, Metaplanet’s transfer to a Bitcoin customary in April 2024 boosted its inventory bounce into Japan’s high 50 by buying and selling quantity, and now the corporate is focusing on 21,000 BTC by 2026.