Catenaa, Tuesday, February 18, 2025 – Japan-based mobile gaming company Gumi Inc announced on February 10 that it is expecting to purchase bitcoin worth 1 billion Japanese yen (around $6.58 million).
The company says it intends to purchase between February and May this year.
The core of this Bitcoin purchase would be an acceleration of the company’s operations within Web3.
Gumi enlisted as the first Japanese company participating in Babylon, the BTC staking protocol, as a validator during Q2 of this year.
Staking the bitcoin funds into Babylon, Gumi would earn a secondary revenue while the profits gained through the bitcoin price increase.
An income record along with a transparent market value assessment will be released by the company.
Gumi was listed on the Tokyo Stock Exchange in 2014 seven years after its launching in 2007.
