Tokyo Game Studio Gumi Inc. Announces Plan to Buy ¥1 Billion ($6.58 Million) in Bitcoin
Tokyo-based gaming company Gumi Inc. has announced plans to invest 1 billion yen (about $6.58 million) in Bitcoin. The purchase is expected to take place between February and May 2025, marking a significant expansion of Web3 technology.
Gumi Inc. plans to invest 1 billion yen
Gumi Inc. is known for its popular mobile games such as Final Fantasy: Brave Exvius, which sees Bitcoin as a strategic asset for financial security and blockchain growth. The company’s goal is to strengthen its reach in the Web3 space while leveraging Bitcoin to strengthen its business.
exist Recent StatementGumi Inc. has announced a bold plan to invest 1 billion yen (about $6.58 million) in BTC by May. The company aims to strengthen its blockchain node operations and expand further into the Web3 space.
Additionally, the company will regularly evaluate its cryptocurrency holdings and report any profit or loss in its financial records.
Bitcoin’s equity and validator role
In addition to buying Bitcoin, Gumi also plays an active role in blockchain infrastructure. The company recently became the first public trading company in Japan to serve as a validator Babylonian Agreementa project focused on Bitcoin.
By creating Bitcoin, Gumi’s goal is to earn rewards from network verification and create additional revenue streams in potential price appreciation. The company also said it will assess the fair market value of its holdings quarterly and reflect any gains or losses in its financial reports.
Japan’s growing Bitcoin
Gumi isn’t the only Japanese company to embrace Bitcoin. Financial consulting firm Metaplanet Inc. also adopted a Bitcoin treasury strategy. company Currently holding 1,762 BTC And it plans to increase its reserves to 10,000 BTC by the end of this year.
Meanwhile, the Japanese government has been making regulatory changes to encourage the adoption of cryptocurrencies. In June 2023, the State Taxation Administration revised the tax law to exempt Crypto issuers from 30% Tax on unrealized earnings.
With increased corporate and regulatory support, Japan is becoming a key player in the global Bitcoin and Web3 landscape.
