Tokyo Game Studio Gumi Inc. Announces Plan to Purchase $6.58 Million in Bitcoin

Tokyo-listed mobile game developer Gumi Inc. has announced plans to acquire Bitcoin worth 1 billion Japanese yen (approximately $6.58 million) as part of its strategic expansion into blockchain and Web3. The company revealed on Monday that the purchase is expected to take place between February and May 2024. The company views Bitcoin as a key asset in its efforts to enhance financial stability while advancing its blockchain-related ventures. Gumi also highlighted its recent move into bitcoin staking, becoming the first publicly traded Japanese firm to serve as a validator in the Babylon protocol during the second quarter of its fiscal year ending in April 2025.

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