Gumi, a prominent Japanese mobile gaming company, has made a strategic decision to acquire Bitcoin, with the aim of generating additional revenue through the Babylong staking protocol.
The company’s board of directors has approved the purchase of 1 billion yen ($6.6 million) worth of Bitcoin (BTC). Gumi’s primary motivation for this acquisition is to strengthen its position in the Web3 and blockchain industry.
Gumi is actively expanding its portfolio in the node management business and aims to become the first domestic listed company to become a validator for Babylon, a Bitcoin staking protocol with $3.5 billion worth of BTC staked so far.
Gumi has been exploring blockchain technology to create a variety of new content and services. The company plans to acquire and manage high-quality tokens globally, including investing in other companies through Gumi Cryptos Capital, a venture capital firm based in Silicon Valley.
Gumi is not the only publicly traded company to add Bitcoin to its balance sheet. Fellow Japanese firm Metaplanet adopted a Bitcoin strategy last May and recently made its largest-ever BTC acquisition at nearly $60 million. Other publicly listed companies such as Semlar Scientific, KULR Technology, Matador Technologies, and Quantum BioPharma also hold BTC.
In addition to these companies, Bitcoin miners have also taken a page out of Michael Saylor’s playbook by holding more of their mined BTC on their balance sheets. Mining company CleanSpark added more than 1,000 BTC to its treasury in the fourth quarter, ending the quarter with 10,556 BTC on its books.
Read More
- POL PREDICTION. POL cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- BONE PREDICTION. BONE cryptocurrency
- DUSK PREDICTION. DUSK cryptocurrency
- DGB PREDICTION. DGB cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- ILV PREDICTION. ILV cryptocurrency
- Blockchain is the best fintech to ensure Sharia ethics — Web3 exec
2025-02-11 21:36