Japanese gaming giant Gumi announces plans to purchase $6,58 million worth of bitcoins

The company said the purchase will take place between February and May 2025

11.02.2025 - 11:55

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What’s new? Mobile game developer Gumi Inc., whose shares are listed on the Tokyo Stock Exchange, has announced plans to purchase 1 billion Japanese yen (approximately $6,58 million) worth of bitcoins as part of its strategic expansion into blockchain and Web3. The company said the purchase will take place between February and May 2025.

What else is known? The company sees BTC as a key asset to improve financial stability and advance its blockchain-related project. Gumi also highlighted its recent move into bitcoin staking by becoming the first publicly traded Japanese firm to serve as a validator on the Babylon protocol in Q2 of its fiscal year ending April 2025.

By deploying its bitcoin assets, the company expects to generate secondary revenue through validator fees, in addition to potential profits from the rising bitcoin price. Gumi representatives emphasized:

“As part of our cryptocurrency strategy, we will assess fair market value quarterly and record any gains or losses in our income statement.”

What is known about the company? Founded in 2007 and publicly listed on the Tokyo Stock Exchange in 2014, Gumi has developed popular mobile games, including Final Fantasy: Brave Exvius and Brave Frontier. The company also operates Gumi Cryptos Capital (gCC), a venture capital firm specializing in early investments in blockchain and cryptocurrency startups.

Earlier, it was reported that shares of Japanese investment firm Metaplanet have risen more than 4000% over the past 12 months, thanks to a strategy that aims to increase bitcoin reserves.

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