Since the last few months, there has been a race among the public listed for Bitcoin acquisition, with Japanese companies standing at the top in terms of BTC buying and trading. As per a recently published press release by Gumi. Inc. the gaming giant is now ready to acquire Bitcoins worth JPY worth 1 billion with an aim to boost its Web3 presence.
Following the announcement of approval of funds by the board of directors, the company is now ready to buy Bitcoin from the assigned funds by May 2025 to expand its dominance in the Web3 sector.
The blog post by Gumi mentions “ We are promoting various initiatives to further strengthen the financial sector in our blockchain and other businesses, which are the pillars of our growth business.”
Gumi Inc. stock price updates
According to data from Google Finance on February 10, 2025, Gumi Inc (TYO:3903) grew 3.65 percent reaching JPY 454, and in the weekly frame, it added JPY 21 to its trading prices.
It is worth noting that on Feb 10, Gumi stock recorded the lowest trading price of JPY 435 and traded highest at JPY 454, the press time prices are above 20 and 50 days EMAs and at the same time below 100 and 200 days EMAs.
After a surge of 10.46 percent, the market capitalization of Gumi Inc. has reached $0.14 billion which was $0.13 billion, in terms of market capitalization the company is the 8617th most valuable company in the world.
Experts argue that the spike in Gumi stock in the yearly time frame is quite close to the growth observed in the one frame after the announcement of the Bitcoin acquisition to improve its presence in the Web3 sector.
Japan to become the leader in the crypto market!
Over the past few months, Japanese companies have continued to gather huge attention because of their changing stance over cryptocurrencies and other blockchain-based products. Metaplanet has established itself as the MicroStrategy of Japan which continues to acquire more and more Bitcoins.
Until reporting the entire Bitcoin stash of Metaplanet has 1,762 BTCs valued at $172681572, the company has also argued that the holding will reach 10,000 Bitcoins by the end of 2025 and it is likely to hit 21,000 by the end of 2026.
In terms of Bitcoin holding, Metaplanet holds the 2nd rank in Asia, and the 1st position is held by Boyaa Interactive International, yet the first rank is captured by MicroStrategy if counted worldwide.
Japan is globally popular for its innovations and adoption of technology, and the regional market has a significant number of cryptocurrency users and holders.
Bitcoin price overview
When writing, Bitcoin was exchanging hands at $98,031 with a weekly decline of 1.45 percent, and its trading volume reached $32.73 billion with a loss of 13.52 percent.
After the recent surge in the trading prices of Bitcoin, it has succeeded in surpassing its 20,50,100 and 200-day EMAs. Traders argue that if BTC continues to follow the bullish path its price might soon meet the resistance of $100,424 followed by the second nearest resistance of $108,191 and the third resistance will help it to reach above its ATH.
