TechFlow reported, according to The Block, that Gumi, a company listed on the Tokyo Stock Exchange, announced on February 11 its plan to invest 1 billion JPY (approximately 6.58 million USD) in purchasing Bitcoin, expected to be completed between February and May.
The company has become the first publicly traded Japanese firm to participate in the Bitcoin staking protocol Babylon as a validator, planning to earn additional yield through Babylon staking. Gumi stated it will conduct quarterly fair value assessments of its cryptocurrency holdings, with related gains and losses recorded in the income statement.
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