Enish approves ¥1B fund to buy Bitcoin and altcoins

What's the deal? EnishDealroom has a profile for this one. Try Dealroom →, a Japanese mobile game developer, has approved a digital asset investment fund of up to ¥1 billion to buy Bitcoin and selected altcoins. It said the fund is meant to diversify its treasury assets.

What's the endgame? The fund will invest in Bitcoin and other cryptocurrencies based on market conditions and the company's investment strategy. Enish plans to expand its exposure to digital assets over time.

Why now? The move follows a wave of listed companies adding cryptocurrencies to their balance sheets. Enish has previously explored blockchain through Web3 gaming initiatives.

What could go wrong? Enish acknowledged that cryptocurrency prices remain volatile.

The signal: Enish joins a growing list of public companies treating digital assets as a corporate treasury strategy, extending the trend beyond crypto-native firms into gaming.

Read more: Grafa

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