Gumi Inc. to Acquire $6.58 Million in Bitcoin for Blockchain Expansion
- Gumi Inc., a Tokyo-listed game developer, plans to buy $6.58 million in Bitcoin.
- The acquisition is set between February and May as Bitcoin trades near $96,000.
- Bitcoin’s price has increased by 100% over the past year, according to CoinGecko.
- Gumi aims to enhance its blockchain operations and act as a validator in the Babylon protocol.
- The company’s crypto holdings will be evaluated quarterly for unrealized gains or losses.
Gumi Inc. is investing $6.58 million in Bitcoin, leveraging its price appreciation and staking rewards to strengthen its blockchain initiatives and financial strategies.
Source (2.6)https://decrypt.co/305508/japanese-game-developer-gumi-reveals-plans-to-buy-and-stake-bitcoin?rand=52368
