Tokyo-based gaming company Gumi Inc. is making a bold move into Bitcoin. The company has announced plans to invest ¥1 billion (around $6.58 million) in BTC between February and May 2025, marking a major step in its Web3 expansion.
Let’s take a closer look at Gumi’s big bet on Bitcoin and what it could mean for the future.
Known for its popular mobile game Final Fantasy: Brave Exvius, Gumi sees Bitcoin as both a financial asset and a tool for blockchain growth. The company aims to strengthen its position in the Web3 space by incorporating Bitcoin into its business strategy.
Gumi also plans to regularly assess its crypto holdings and report any gains or losses in its financial records, ensuring transparency.
Gumi is doing more than just buying Bitcoin – it’s also investing in blockchain infrastructure. The company recently became Japan’s first publicly traded firm to serve as a validator for the Babylon protocol, a project focused on Bitcoin staking.
By staking BTC, Gumi hopes to earn rewards while benefiting from potential price increases. The company will also evaluate the fair market value of its holdings every quarter and update its financial reports accordingly.
Gumi isn’t the only Japanese company embracing Bitcoin. Metaplanet Inc., a financial advisory firm, has also adopted a Bitcoin treasury strategy. The company currently holds 1,762 BTC and has plans to increase its reserves to 10,000 BTC by the end of the year.
Meanwhile, Japan’s government has been making regulatory changes to encourage cryptocurrency adoption. In June 2023, the National Tax Agency revised tax laws to exempt crypto issuers from 30% corporate taxes on unrealized gains.
With increasing corporate and regulatory support, Japan is emerging as a key player in the global Bitcoin and Web3 landscape.
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…
Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…
According to historical footprints in the global crypto market, festive seasons are always important for…
Pepe Coin (PEPE) continues to struggle. Resistance limits upward momentum, and even a potential rally…