Tokyo-based Game Studio Gumi Bets $6.6M on Bitcoin

Japanese game developer Gumi Inc. has announced plans to buy Bitcoin worth 1 billion yen (about $6.58 million) by May 2025. The Tokyo-listed online mobile gaming firm intends to strengthen its position in cryptocurrency by using Bitcoin for blockchain staking. Gumi Joins Babylon Staking According to reports, the company’s board of directors approved the decision as part of its strategy to expand its blockchain node operation business. This move positions Gumi as a key player in Japan’s growing Web3 industry. Following this development, Gumi will become the first publicly listed Japanese company to serve as a validator in the Babylon staking protocol. This role will enable the company to earn rewards while contributing to blockchain security. In a statement, Gumi emphasized that the investment would help strengthen its blockchain operations and increase its influence in the Web3 space. The company also confirmed that it would closely monitor its Bitcoin holdings and update its financial records accordingly. “ Through this initiative, we aim to further strengthen our node operation business and enhance our presence in the Web3 domain,” Gumi stated. Interestingly, Gumi’s stock price rose following the announcement. According to Google Finance data, its shares increased by 3.6%, reaching ¥454 (about $3) after the news broke. Asian Companies Continue to Adopt Bitcoin Gumi’s decision reiterates a growing trend of Asian businesses investing in cryptocurrency. In December 2024, Japanese energy and consulting firm Remixpoint added $1.38 million worth of Bitcoin to its portfolio, increasing its total crypto holdings to $27.59 million. Meanwhile, Tokyo-listed Metaplanet saw a sharp rise in its stock value after adopting a Bitcoin standard in April 2024. The company now aims to acquire 21,000 BTC by 2026. Expanding Institutional Cryptocurrency Network Amid Regulatory Actions Notably, as more entities explore Bitcoin and blockchain staking, institutional interest in cryptocurrency is rising in Japan. Gumi’s latest move reveals its confidence in Bitcoin’s long-term potential and the broader Web3 industry. At the same time, Japan is tightening regulations on unregistered crypto exchanges. Last week, Apple removed crypto trading apps like Bybit, Bitget, MEXC, KuCoin, and Bitcastle from its Japan store. This action followed multiple warnings from Japan’s Financial Services Agency (FSA), urging these platforms to comply with local regulations or leave the market. The post Tokyo-based Game Studio Gumi Bets $6.6M on Bitcoin appeared first on TheCoinrise.com .