Key Takeaways
- Gumi purchased 1 billion yen ($6.6M) worth of Bitcoin.
- The company plans to stake BTC using Babylon's protocol.
- Other firms, like Metaplanet and Strategy, are also increasing BTC holdings.
Tokyo-listed mobile gaming company Gumi has announced the acquisition of 1 billion yen ($6.6 million) worth of Bitcoin.
The decision, approved by the company’s board on Feb. 10, is part of Gumi’s broader strategy to expand in the blockchain sector.
Staking plans
The firm aims to earn additional revenue from its Bitcoin holdings through the Babylon staking protocol.
Babylon, a Bitcoin staking service, reported in December that $3.5 billion worth of BTC has been staked on its platform.
According to the announcement, Gumi intends to become…
.. the first domestic listed company to become a validator for Babylon.
The company also stated it is actively growing its portfolio in the node management business.
Blockchain investment history
Gumi has a history of involvement in blockchain technology.
Through its venture capital arm, Gumi Cryptos Capital, the company invests in early-stage blockchain projects.
It was an early backer of OpenSea and 1inch.
Additionally, Gumi’s roadmap highlights plans to acquire and manage high-quality tokens globally, further cementing its role in the blockchain ecosystem.
Industry trends
Gumi joins other publicly traded companies accumulating Bitcoin.
Japanese firm Metaplanet recently made a $60 million BTC purchase.
In the U.S., Semler Scientific, KULR Technology, and Matador Technologies also hold BTC.
Meanwhile, Michael Saylor’s Strategy, formerly MicroStrategy, acquired 7,633 BTC last week at an average price of $97,255.
Bitcoin miners have also increased their holdings, with CleanSpark adding over 1,000 BTC in Q4 2024.
