Japanese game developer Gumi bought 80 bitcoins for 1 billion yen and said it would cooperate with SBI Holdings to set up a crypto asset management fund to accelerate its entry into the digital asset market. (Synopsis: Buy stocks and smoke Bitcoin!) Japanese listed gaming giant Gumi launches 16 million yen shareholder benefit plan) (Background added: $1.3 billion bet on Bitcoin, can GameStop's transformation bet win?) Japanese game developer Gumi Inc. is expanding its footprint from gaming to cryptocurrency. According to Bitcoin Magazine's news yesterday (12th), gumi has recently spent 1 billion yen to buy 80.352 bitcoins (about $6.96 million). At the same time, gumi also cooperated with financial giant SBI Holdings to set up a crypto asset fund specializing in institutional capital, which frequently attracted market attention. 1 billion yen sweep of bitcoin Gumi said that since the board of directors approved the investment on February 10, the company has completed the bitcoin purchase in June, with an average entry price of 12.43 million yen, down about 29% from the 15.96 million yen market price on June 10. The company said its holdings would be assessed at fair value on a quarterly basis, and gains and losses would be included in current statements. In addition, Gumi also said that it does not intend to stop there. The announcement reads: "The company will continue to actively increase its holdings of bitcoin, and each subsequent purchase will be made public." Partnering with SBI to lay out the institutional market It is worth noting that gumi also recently announced the establishment of a crypto asset management fund in a joint venture with SBI Holdings, targeting institutional investors such as insurance and pension funds. According to MarketScreener, the new fund plans to invest in listed mainstream tokens and provide custody services, hoping to become the first digital asset products in Japan to fully comply with FSA guidelines. What is Gumi? Gumi was founded in 2007 by Hironao Kunimitsu. The company initially focused on developing and publishing mobile games, and has had notable success with mobile social gaming in Japan, notably launching popular games such as Brave Frontier and Phantom of the Kill on platforms such as GREE. Over time, gumi has gradually expanded its business scope to cover blockchain technology, virtual reality (VR), augmented reality (AR) and metaverse related fields, in an attempt to create more diversified entertainment content through emerging technologies. Its main activities include: Mobile game development and distribution: Gumi has launched several mobile games in Japan and abroad, and has partnered with well-known companies such as SEGA and LINE. The company focuses on the fun and long-term operation of its free-to-play model, and its games have taken the world by storm, especially in Asia and North America. Blockchain and crypto asset investment: Gumi launched a blockchain fund back in 2023, and its gumi Cryptos Capital has invested in more than 50 Web3 startups. XR and the metaverse: Gumi is applying virtual reality (VR) and augmented reality (AR) technologies to game and entertainment content development, and is actively exploring metaverse-related businesses in an attempt to gain a foothold in this emerging field. Related reports Legendary investor Paul Tudor Jones: Buy bitcoin, gold and stocks, fight against the dollar's 10% decline in the next year Michael Sellor on the "All in Bitcoin" decision: COVID-19 made it clear to me that the dollar and gold are fake Bitwise predicts: Bitcoin rushes $200,000 at the end of the year, and the US debt crisis is the main driver (Japanese game giant Gumi has bought 1 billion yen bitcoin, The next step is to push the crypto fund specializing in institutions" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".
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Japanese game giant Gumi has purchased 1 billion yen in Bitcoin, with the next step being the launch of a crypto fund targeting institutions.
Japanese game developer Gumi bought 80 bitcoins for 1 billion yen and said it would cooperate with SBI Holdings to set up a crypto asset management fund to accelerate its entry into the digital asset market. (Synopsis: Buy stocks and smoke Bitcoin!) Japanese listed gaming giant Gumi launches 16 million yen shareholder benefit plan) (Background added: $1.3 billion bet on Bitcoin, can GameStop's transformation bet win?) Japanese game developer Gumi Inc. is expanding its footprint from gaming to cryptocurrency. According to Bitcoin Magazine's news yesterday (12th), gumi has recently spent 1 billion yen to buy 80.352 bitcoins (about $6.96 million). At the same time, gumi also cooperated with financial giant SBI Holdings to set up a crypto asset fund specializing in institutional capital, which frequently attracted market attention. 1 billion yen sweep of bitcoin Gumi said that since the board of directors approved the investment on February 10, the company has completed the bitcoin purchase in June, with an average entry price of 12.43 million yen, down about 29% from the 15.96 million yen market price on June 10. The company said its holdings would be assessed at fair value on a quarterly basis, and gains and losses would be included in current statements. In addition, Gumi also said that it does not intend to stop there. The announcement reads: "The company will continue to actively increase its holdings of bitcoin, and each subsequent purchase will be made public." Partnering with SBI to lay out the institutional market It is worth noting that gumi also recently announced the establishment of a crypto asset management fund in a joint venture with SBI Holdings, targeting institutional investors such as insurance and pension funds. According to MarketScreener, the new fund plans to invest in listed mainstream tokens and provide custody services, hoping to become the first digital asset products in Japan to fully comply with FSA guidelines. What is Gumi? Gumi was founded in 2007 by Hironao Kunimitsu. The company initially focused on developing and publishing mobile games, and has had notable success with mobile social gaming in Japan, notably launching popular games such as Brave Frontier and Phantom of the Kill on platforms such as GREE. Over time, gumi has gradually expanded its business scope to cover blockchain technology, virtual reality (VR), augmented reality (AR) and metaverse related fields, in an attempt to create more diversified entertainment content through emerging technologies. Its main activities include: Mobile game development and distribution: Gumi has launched several mobile games in Japan and abroad, and has partnered with well-known companies such as SEGA and LINE. The company focuses on the fun and long-term operation of its free-to-play model, and its games have taken the world by storm, especially in Asia and North America. Blockchain and crypto asset investment: Gumi launched a blockchain fund back in 2023, and its gumi Cryptos Capital has invested in more than 50 Web3 startups. XR and the metaverse: Gumi is applying virtual reality (VR) and augmented reality (AR) technologies to game and entertainment content development, and is actively exploring metaverse-related businesses in an attempt to gain a foothold in this emerging field. Related reports Legendary investor Paul Tudor Jones: Buy bitcoin, gold and stocks, fight against the dollar's 10% decline in the next year Michael Sellor on the "All in Bitcoin" decision: COVID-19 made it clear to me that the dollar and gold are fake Bitwise predicts: Bitcoin rushes $200,000 at the end of the year, and the US debt crisis is the main driver (Japanese game giant Gumi has bought 1 billion yen bitcoin, The next step is to push the crypto fund specializing in institutions" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".