The Japanese mobile gaming firm Gumi plans to accumulate more than $6.5 million worth of Bitcoin (BTC) as part of a new corporate strategy.
A translated announcement from the gaming company indicates the firm will invest 1 billion yen (equivalent to $6,558,150 at time of writing) between now and May to acquire the crypto.
Gumi has already expanded into the blockchain gaming sector and node operation. The firm plans to use Bitcoin as security collateral for other blockchains, and it plans to invest some surplus funds in BTC for staking on the Babylon protocol.
Gumi isn’t the only Japanese company buying Bitcoin: Metaplanet, the Tokyo-based hotel and investment firm, witnessed its stock explode by a staggering 3,575% in the past year as it launched an aggressive BTCÂ accumulation strategy.
Metaplanet acquired 1,762 BTC in 2024 and became “the best-performing stock worldwide,” according to a recent company earnings presentation. The firm, which aims to acquire 10,000 Bitcoin by the end of the year, now holds the 15th-largest BTC corporate treasury in the world, according to data from Bitcointreasuries.net.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
