Japanese game studio Gumi has approved a $6.6 million Bitcoin purchase to double down on blockchain staking.
Gumi Inc., a Japanese mobile game studio, is looking to strengthen its crypto presence with a major Bitcoin (BTC) purchase. In a Feb. 10 press release, the Tokyo-listed firm revealed that its board of directors has approved the plan to purchase Bitcoin worth JPY 1 billion (around $6.58 million) by May to expand its blockchain node operation business.
Following the news, Gumi’s shares saw a 3.6% uptick, reaching ¥454 (about $3), according to Google Finance data. Gumi also unveiled that in Q2 of the fiscal year ending in April, it will become the “first publicly listed company in Japan to participate as a validator” in the staking protocol Babylon.
“Through this initiative, we aim to further strengthen our node operation business and enhance our presence in the web3 domain.”
Gumi
Gumi plans to use its Bitcoin holdings for staking through Babylon, hoping to benefit from Bitcoin’s potential price growth as well as earn revenue from staking and validator rewards. The studio also plans to regularly assess its crypto holdings and record any gains or losses in its financial statements.
Gumi’s move adds to the growing trend of Asian companies adopting crypto. Back in December 2024, Remixpoint, a Japanese energy and automotive consulting company, added more Bitcoin to its portfolio for $1.38 million, bringing its total crypto holdings to $27.59 million. Meanwhile, Metaplanet’s move to a Bitcoin standard in April 2024 boosted its stock jump into Japan’s top 50 by trading volume, and now the company is targeting 21,000 BTC by 2026.