Japanese Gaming Giant Gumi Invests $6.5M in Bitcoin, Joins Babylon Staking Protocol

On February 10th, Japanese gaming and blockchain firm Gumi announced a 1 billion yen ($6.5 million) investment in Bitcoin (BTC). This investment, representing 4.3% of Gumi's $150 million market cap, will occur between February and May. Gumi also revealed its participation as a validator for BTC staking protocol Babylon in the second quarter of fiscal year 2025, becoming the first publicly listed Japanese company to do so. As of today, Gumi has 7.99 BTC, valued at over $770,000, staked on Babylon, earning a 5% commission. The company anticipates revenue from capital appreciation and validator rewards, aligning with its Web3 ambitions and DeFi presence.