Nikolas Sargeant
Tokyo Exchange-listed game developer Enish has joined the growing trend of Japanese companies investing in cryptocurrency, revealing plans to purchase 100 million yen ($667,260) worth of Bitcoin by April 4 to strengthen its web3 operations and diversify its financial assets.
Bitcoin Purchase Set for Completion This Week
Enish, the Tokyo-based gaming company established in 2009 and known for mobile titles like De:Lithe – The King of Oblivion and Angel of the Covenant, will make its Bitcoin acquisition through an unnamed domestic cryptocurrency exchange. According to a public disclosure document released on April 1 and reporting by Japanese media outlet CoinPost, the company intends to finalize all purchase orders by April 4. This strategic move aligns with Enish's existing web3 ventures, including its blockchain game De:Lithe: Last Memories.
Strategic Investment Supports Web3 Development Goals
The company stated that incorporating Bitcoin purchases as "part of its financial strategy" will help "deepen understanding" of blockchain technology while enhancing its "technical capabilities" in development. Beyond technological advantages, Enish cited asset diversification benefits, noting Bitcoin's "liquidity and stability" and the "opportunity to garner profits" from potential price appreciation. The firm committed to conducting quarterly reviews of its Bitcoin investment and reporting any unrealized gains or losses in its regular financial disclosures.
Enish joins a rapidly expanding list of Japanese corporations adding Bitcoin to their balance sheets in 2024, including fellow gaming company Gumi (which plans a BTC lottery for new shareholders), real estate firm Value Creation, investor Metaplanet, healthcare provider SBC Medical Group, and auto trading platform Remixpoint.
