EddieJayonCrypto
12 Feb 25
Japanese gaming and blockchain company Gumi has announced a 1 billion yen ($6.5 million) investment in Bitcoin. The investment, representing 4.3% of Gumi’s $150 million market cap, will occur from February to May. Gumi stock climbed 3.65% following the news. Additionally, Gumi became the first publi...
Japanese gaming publisher Gumi has announced plans to invest $6 million in Bitcoin for its treasury, aiming to strengthen financial operations and expand its presence in decentralized finance (DeFi) and blockchain-based financial services. This investment will represent 4.3% of Gumi’s $150 million market cap and will take place from February to May. Following the news, Gumi stock climbed 3.65%.
Gumi has also become the first publicly listed Japanese company to participate as a validator for BTC staking protocol Babylon. This move aligns with Gumi's Web3 ambitions and its strategy to enhance financial operations within its blockchain-focused business. By purchasing Bitcoin for staking, Gumi anticipates new revenue sources from capital appreciation and additional validator rewards.
Gumi's foray into BTC staking is bolstered by its existing involvement in the crypto space, including investments in NFT marketplace OpenSea and the gaming-focused decentralized organization Yield Guild Games. The company plans to conduct quarterly valuations of its Bitcoin holdings and promptly disclose any significant financial impact from this investment.
This strategic initiative signals Gumi's commitment to embracing the potential of blockchain and DeFi, positioning itself at the forefront of innovative financial services while leveraging the opportunities presented by cryptocurrency investments.