Key Takeaways
- Gumi bought 1 billion yen ($6.6M) price of Bitcoin.
- The corporate plans to stake BTC utilizing Babylon’s protocol.
- Different corporations, like Metaplanet and Technique, are additionally rising BTC holdings.
Tokyo-listed cellular gaming firm Gumi has introduced the acquisition of 1 billion yen ($6.6 million) price of Bitcoin.
The choice, accepted by the corporate’s board on Feb. 10, is a part of Gumi’s broader technique to broaden within the blockchain sector.
Staking plans
The agency goals to earn extra income from its Bitcoin holdings by the Babylon staking protocol.
Babylon, a Bitcoin staking service, reported in December that $3.5 billion price of BTC has been staked on its platform.
In response to the announcement, Gumi intends to turn into…
.. the primary home listed firm to turn into a validator for Babylon.
The corporate additionally said it’s actively rising its portfolio within the node administration enterprise.
Blockchain funding historical past
Gumi has a historical past of involvement in blockchain know-how.
By way of its enterprise capital arm, Gumi Cryptos Capital, the corporate invests in early-stage blockchain initiatives.
It was an early backer of OpenSea and 1inch.
Moreover, Gumi’s roadmap highlights plans to amass and handle high-quality tokens globally, additional cementing its function within the blockchain ecosystem.
Trade traits
Gumi joins different publicly traded firms accumulating Bitcoin.
Japanese agency Metaplanet just lately made a $60 million BTC buy.
Within the U.S., Semler Scientific, KULR Know-how, and Matador Applied sciences additionally maintain BTC.
In the meantime, Michael Saylor’s Technique, previously MicroStrategy, acquired 7,633 BTC final week at a mean worth of $97,255.
Bitcoin miners have additionally elevated their holdings, with CleanSpark including over 1,000 BTC in This fall 2024.