Japanese mobile game studio Gumi has announced its decision to enhance its cryptocurrency holdings with a Bitcoin purchase valued at 1 billion yen by May.
Gumi's targeted growth in crypto presence
Gumi Inc., a Tokyo-listed firm, has disclosed its plan to acquire Bitcoin worth approximately $6.58 million by May to expand its blockchain node operation business, according to a February 10 press release.
Plans for Bitcoin utilization
Gumi plans to use its Bitcoin holdings for staking through the Babylon protocol, hoping to benefit from Bitcoin's potential price growth as well as earn revenue from staking and validator rewards. The studio also plans to regularly assess its crypto holdings and record any gains or losses in its financial statements.
Increasing trend of crypto adoption in Asia
Gumi's move is part of a broader trend of Asian companies adopting cryptocurrencies. In December 2024, Japanese company Remixpoint expanded its Bitcoin assets by $1.38 million. Metaplanet, transitioning to a Bitcoin standard in April 2024, is now aiming to grow its holdings to 21,000 BTC by 2026.
Gumi's Bitcoin purchase highlights the increasing interest of Asian companies in cryptocurrencies as a means of enhancing profits and solidifying their position in the new digital market.
