Japanese Gaming Firm enish Co. Invests in Bitcoin
Enish Co., a Japanese gaming company, has made its first Bitcoin (BTC) purchase. the firm is spending 100 million yen, or about $679,049, on BTC. This move is part of its new financial strategy.
Enish Co. plans to buy the BTC by April 4. The company wants to diversify its financial assets.It also sees Bitcoin as a stable and liquid investment. There’s a chance to make profits if BTC prices rise in the future.
Enish Co. will review its BTC investments every quarter. Any gains or losses will be included in its financial reports. The company hopes this will help it understand blockchain technology better. This knowledge will aid in creating more web3-based games.
Bitcoin prices have fallen by 1.3% in the last 24 hours. It’s currently trading at $83,242. The recent dip might be why Enish decided to buy now. In the past week, BTC has dropped by 4.66%.
Enish Co. is famous for its mobile games, like “De:Lithe – the King of Oblivion and Angel of the Covenant.” Its latest game, “De:Lithe Last Memories,” is a blockchain-based game. Players can earn tokens and buy NFTs. The game’s token, xGEEK, is fixed at $1.00 per 100 tokens.
Japanese gaming companies are moving into web3. LINE, a messaging app, partnered with Sony’s Soneium blockchain. They released four blockchain-based mini games. Players can earn points that they can use in the main app.
