Tokyo-listed mobile game developer Gumi Inc. is gearing up to acquire $6.58 million in Bitcoin (BTC) as part of its strategy to expand its blockchain and Web3 operations.
The acquisition, scheduled to take place between February and May, comes as Bitcoin remains at elevated levels, up 100% over a one-year period near $96,000, CoinGecko data shows.
The game developer’s plans also come amid broader financial strategies among corporations to begin accumulating and holding the world’s largest digital asset.
“The Company is promoting various initiatives to further strengthen its financial sector in the blockchain and other businesses, which are the pillars of its growth business,” a company statement reads.
Michael Saylor's Strategy Hits Bitcoin Buy Button After a Breather
Software company Strategy, formerly MicroStrategy, resumed its Bitcoin buying last week after taking a breather following a 12 week, $20 billion shopping spree. The company, which trades on the Nasdaq under the ticker MSTR, said Monday that it had spent another $742.4 million buying 7,633 orange coins between February 3 and February 9. Strategy had been so consistent buying BTC for 12 weeks straight that it drew some attention when, the last week of January, the company didn’t buy any of the wor...
In line with the acquisition, the gaming giant recently became the first publicly listed Japanese firm to act as a validator in the Babylon staking protocol.
Gumi's decision to allocate a portion of its Bitcoin holdings aims to generate returns from the appreciation of its price and the rewards accrued through participation in blockchain validation.
The company also noted that its crypto holdings will be evaluated quarterly, with any unrealized gains or losses recorded in its income statement.
Following the announcement, Gumi’s stock rose 3.65% on Tuesday to close at $2.98, per Yahoo Finance data.
Trump to Create US Sovereign Wealth Fund—Could It Lead to a Strategic Bitcoin Reserve?
President Donald Trump signed an executive order Monday calling for the creation of an American sovereign wealth fund—and Bitcoin investors are already seeing gold. Following Trump’s announcement that he’s now ordered the U.S. government to create a sovereign wealth fund within the next 12 months, Bitcoin advocates leapt with enthusiasm—taking the news as a signal that the United States is taking active steps towards investing directly in the world’s top cryptocurrency. Most notably, Sen. Cynthi...
Big Names Jump on the Bitcoin Bandwagon
Companies across various sectors are increasingly adding Bitcoin to their portfolios as a hedge against inflation and a store of long-term value.
MicroStrategy now rebranded as Strategy under co-founder Michael Saylor, leads with over 478,740 BTC following its latest purchase this week, and stands as the largest corporate holder of Bitcoin.
The software giant’s Bitcoin play has inspired others, including Japan’s Metaplanet Inc., known as ‘Asia’s Microstrategy,’ which plans to raise its Bitcoin holdings to 10,000 BTC by 2025 and 21,000 BTC by 2026.
U.S.-based cloud services provider Rumble Inc., meanwhile, announced plans in November to allocate up to $20 million of its cash reserves into Bitcoin.
Rumble Adopts Bitcoin Treasury Strategy, Echoing Moves by MicroStrategy
Publicly listed Rumble Inc, a video-sharing and cloud services provider, announced Monday its board has approved a strategy to allocate up to $20 million of its cash reserves into Bitcoin. Its move aligns with a growing trend of corporate Bitcoin adoption championed by firms like MicroStrategy and Metaplanet Holdings. The Nasdaq-listed company said its diversification strategy underscores its belief in Bitcoin as a hedge against inflation and a tool for long-term value preservation. "We believ...
Energy storage firm KULR Technology bolstered its balance sheet with 510 BTC, while medical tech company Semler Scientific expanded its holdings to 3,192 BTC after an $88.5 million purchase last week.
AI education firm Genius Group is making an even bigger splash, planning a $120 million Bitcoin investment. Meanwhile, social media marketing player Thumzup Media has jumped in with its first major crypto bet, acquiring roughly $1 million in BTC.
Edited by Sebastian Sinclair and Stacy Elliott
