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.

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 Go to Source to See Full Article
Author: Vismaya V