Japanese listed mobile game studio Gumi plans to buy nearly $6.6 million in Bitcoin

Odaily Planet Daily News: Tokyo-listed mobile game studio Gumi Inc. announced on Monday that it will buy 1 billion yen (about 6.58 million U.S. dollars) worth of Bitcoin, with plans to make the purchase between February and May this year. The company said the decision to buy Bitcoin was made to improve the company's financial situation in blockchain and other businesses, including expanding its node operation business. According to the statement, Gumi became the first listed company in Japan to participate in the Bitcoin staking protocol Babylon as a validator in the second quarter of the fiscal year ending April 2025. In addition to profits from rising Bitcoin prices, the company also hopes to earn secondary income by investing remaining Bitcoin funds in Babylon and from the protocol's validator rewards. (The Block)