- Gumi Inc. announced buying BTC worth 1B yen
- It is worth approximately $6.58 million
- This is a part of their Web3 expansion strategy
While Japanese regulators are slowly becoming more pro-crypto, Japanese companies play ahead and implement the pro-crypto strategy. Besides the famous Metaplanet, now mobile game developer Gumi Inc. has announced a plan to buy Bitcoin worth 1 billion Japanese yen or $6.58 million as part of their blockchain and Web3 expansion strategy.
More About Gumi Inc. and Their Blockchain & Web3 Expansion Strategies
Gumi Representative Director & President Hiroyuki Kawamoto presented a document that records that as a result of a board meeting today, they have decided to purchase Bitcoin worth 1 billion Japanese yen between February 2025 and May 2025.
They also indicated that Bitcoin purchasing is a strategic initiative by the company to expand its portfolio to strengthen the financial sector, as well as part of its other crypto initiatives.
In particular, they indicated that the company launched a steaking protocol and became the first listed company in Japan to participate in the Babylon validator. This will allow inactive Bitcoins to be used as security guarantees for other blockchains.
Conclusion
Will Gumi follow Sony’s lead by launching its blockchain? Or will it simply diversify risk in the face of how volatile the Japanese yen and the entire Japanese market can be at times? Many scenarios are possible, but it seems that the pro-crypto strategy is not a question already for more and more companies and nations.
Be aware and stay tuned.
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