Gumi Reveals $6.6 Million Bitcoin Purchase

Tokyo-based mobile game developer Gumi Inc. announced its plans to purchase 1 billion Japanese Yen (approximately $6.6 million) worth of Bitcoin (BTC). The company intends to complete the acquisition between February and May of this year.

Generating Additional Income

The developer explained that the Bitcoin purchase is part of a broader strategy to strengthen its financial position, particularly in blockchain and other related sectors. This includes expanding its node operation business.

As per the statement, Gumi became the first publicly traded company in Japan to participate in the Babylon Bitcoin staking protocol as a validator in the second quarter of the fiscal year ending in April 2025. The company also expects to generate additional income by staking its surplus BTC into Babylon and receiving validator rewards.

Going All In On Bitcoin

Founded in 2007 and listed on the Tokyo Stock Exchange in 2014, Gumi is known for creating and launching a variety of mobile games both in Japan and internationally, including Final Fantasy: Brave Exvius and Brave Frontier. 

In related news, Japanese investment firm Metaplanet Inc. claimed to be the first publicly traded company in Japan to establish a Bitcoin treasury. According to its latest financial statement, Metaplanet currently holds 1,762 BTC, with plans to expand its holdings to 10,000 BTC by the end of the year.