There’s Bitcoin News from Japan – They Had Announced Their Intentions in February

Japan-based video game developer Gumi Inc. announced that it has purchased 1 billion yen (about $7 million) worth of Bitcoin. The company announced this acquisition, which was made in accordance with the decision taken at the board of directors meeting held on February 10, 2025, to the public with an official press release. The details were shared as follows: Total purchase amount: Approximately 1 billion yen (approximately 7 million dollars) Amount of BTC purchased: 80,352 BTC Average unit price: 12,430,257 yen (about 87,000 USD) Related News: BREAKING: SEC Issues Update on Highly Anticipated Altcoin Spot ETF Gumi said it will conduct a market valuation of its Bitcoin holdings every quarter, and any increase or loss in value will be reflected in the income statement. It also said it will notify investors in a timely manner in case of a significant financial impact. Another striking detail in the statement was that Gumi plans to continue actively purchasing Bitcoin. It was stated that new purchasing decisions will be shared with the public in a timely manner. Companies across industries are increasingly adding Bitcoin to their portfolios as a hedge against inflation and long-term store of value. *This is not investment advice. Continue Reading: There’s Bitcoin News from Japan – They Had Announced Their Intentions in February

Source: BitcoinSistemi