Gumi Suffers ¥15.37 Billion Loss from Crypto Asset Depreciation

Japanese gaming giant Gumi has taken a significant hit due to the depreciation of its cryptocurrency assets, resulting in a loss of ¥15.37 billion (approximately $133 million USD).

The company's financial report reveals that the value of its crypto holdings has decreased significantly since last year, leading to this substantial loss.

Gumi's decision to hold onto these assets is likely due to the company's efforts to stay ahead in the gaming industry, which is increasingly embracing blockchain technology and cryptocurrencies.