Japanese blockchain game company Enish has announced plans to purchase $667,000 worth of Bitcoin (BTC), the latest move by a Japanese company to incorporate cryptocurrency into its financial strategy.
Enish to Complete BTC Purchase on April 4
Enish, which is listed on the Tokyo Stock Exchange, said it will use its balance sheet to purchase 100 million yen ($667,260) of Bitcoin. The transaction is expected to be completed on April 4, with support from an undisclosed domestic cryptocurrency exchange.
The Tokyo-based company was founded in 2009 and has developed several mobile titles including De:Lithe – The King of Oblivion and Angel of the Covenant. Enish said that the purchase of Bitcoin is part of its web3 development strategy, which will help improve its technical capabilities and deepen its understanding of blockchain technology.
Enish's Long-Term Financial Strategy
According to a document released on April 1, Enish said that the purchase of Bitcoin will not only help it expand its asset portfolio but also provide an opportunity to take advantage of the liquidity and stability of the cryptocurrency market. The company also expects to profit from the future growth in the value of BTC.
In addition, Enish has committed to conducting quarterly reviews of its Bitcoin investment and recording any unrealized gains or losses in the company's periodic financial statements.
The Trend of Japanese Companies Investing in Bitcoin
Enish is not the only Japanese company actively participating in the cryptocurrency market. Many other businesses have also adopted Bitcoin as part of their financial strategy. Some notable companies include:
Gumi: This gaming company not only bought BTC but also held a Bitcoin lottery for new shareholders.
Value Creation: A digital transformation and real estate company, which also added BTC to its balance sheet.
Metaplanet: A strategic investor in the blockchain and cryptocurrency space.
SBC Medical Group: A healthcare provider in Japan that has invested in Bitcoin.
Remixpoint: An auto trading platform, which has also joined in the BTC buying spree.
The surge in Japanese companies buying Bitcoin reflects a new trend in the country’s corporate world, as more and more organizations recognize the potential of cryptocurrencies to diversify assets and optimize financial strategies.
