Japanese gaming publisher Gumi announces plans to buy $6 million worth of Bitcoin for treasury

Japanese gaming and blockchain institution Gumi has announced a 1 cardinal yen ($6.5 million) concern successful Bitcoin (BTC) successful a Feb. 10 missive to the market. 

The concern volition hap from February to May and volition correspond 4.3% of Gumi’s $150 cardinal marketplace cap. Following the news, Gumi banal climbed 3.65%.

The institution besides revealed that it became the archetypal publically listed Japanese institution to enactment arsenic a validator for BTC staking protocol Babylon successful the 2nd 4th of the fiscal twelvemonth ending April 2025.

Babylon lets users involvement their Bitcoin to gain rewards. The staked BTC is utilized arsenic information for different protocols, creating a Bitcoin Secured Networks layer. The protocol has implicit $5.4 cardinal successful full worth locked (TVL), based connected DefiLlama data.

Gumi’s Board of Directors approved the acquisition arsenic portion of its strategy to fortify fiscal operations wrong its blockchain-focused business, which has go a cardinal pillar of the company’s growth.

According to Babylon’s website, Gumi has 7.99 BTC — worthy implicit $770,000 — staked connected the platform, earning a 5% commission.

BTC staking

Gumi anticipates caller gross sources from superior appreciation and further validator rewards by purchasing Bitcoin and utilizing it for staking. 

The determination aligns with the firm’s Web3 ambitions, arsenic it seeks to deepen its beingness successful decentralized concern (DeFi) and blockchain-based fiscal services.

Notably, Gumi’s website reveals the institution is already a node relation for 8 blockchains, including Ethereum, Sui, and Avalanche. 

Moreover, the Japanese gaming steadfast has a blockchain portion liable for efforts mixing games and non-fungible tokens (NFTs). Gaming companies Capcom and Double Jump are reported arsenic Gumi partners.

Gumi’s website besides highlights investments successful the NFT marketplace OpenSea and the gaming-focused decentralized enactment Yield Guild Games. 

The institution plans to behaviour quarterly valuations of its Bitcoin holdings and incorporated gains oregon losses into its fiscal statements. It has besides stated that immoderate important fiscal interaction from this concern volition beryllium disclosed promptly.

The station Japanese gaming steadfast Gumi announces plans to bargain $6 cardinal worthy of Bitcoin for treasury appeared archetypal connected CryptoSlate.