Tokyo's game studio Gumi Inc. has announced its intention to purchase Bitcoin worth approximately 1 billion Japanese yen from February to May 2025. The company aims to support its blockchain initiatives and diversify revenue through participation in the Babylon protocol.
Gumi Inc.'s Investment Plans
Gumi Inc. emphasized that the Bitcoin investment is one of the measures to consolidate its node operation business and related blockchain activities. The company expects capital growth due to anticipated Bitcoin price increases.
Role of the Babylon Protocol
A characteristic feature of this strategy is the company's participation in the Bitcoin staking protocol known as Babylon. Gumi will become Japan's first publicly traded entity to be a validator for Babylon, allowing the unused bitcoins to be used as collateral to enhance security in other chains.
Long-Term Strategy and Current Developments
Founded in 2007, Gumi Inc. went public on the Tokyo Stock Exchange in 2014, offering products like Final Fantasy: Brave Exvius and Brave Frontier. Following its long-term growth strategy, the company has been actively pursuing blockchain games and Web3 business. This step into Bitcoin investment positions Gumi innovatively in blockchain infrastructure among Japanese publicly traded companies.
Gumi Inc.'s Bitcoin investment and participation in the Babylon protocol highlight their commitment to strengthening their blockchain technology stance and creating new income streams.
