In recent months, there has been a surge of interest among companies to acquire Bitcoin, with Japanese companies leading the acquisition race. Gaming giant Gumi Inc. announced its decision to acquire Bitcoin worth 1 billion yen to strengthen its role in the Web3 domain.
Bitcoin Acquisition Details
Gumi Inc. received board approval to purchase Bitcoin from allocated funds by May 2025. The company believes this move will reinforce their presence in the financial sector and other blockchain-related businesses.
Gumi Inc. Stock Price Surge
On February 10, 2025, Gumi Inc.'s stock price rose by 3.65%, reaching 454 yen. Over the week, the stock added 21 yen to its value. During the trading session, the stock price varied between 435 and 454 yen, staying above the 20 and 50-day EMAs, yet below the 100 and 200-day EMAs. The market capitalization increased to $0.14 billion following a 10.46% surge.
Japan in the Crypto Sector
Japanese companies are gaining attention due to their evolving stance on cryptocurrencies. Metaplanet is one such company that has significantly increased its Bitcoin holdings and plans to have 10,000 BTC by the end of 2025. Japan is well-known for its innovations and widespread technology adoption.
Japanese companies like Gumi Inc. are actively expanding their involvement in the cryptocurrency market, aiming to solidify their future positions. This drive for innovation and technology adoption further establishes their leadership in the sector.
