The Japanese game company CyberStep plans to invest 1 billion yen in Crypto Assets investment, using BTC and ETH for corporate asset reserves.

PANews, July 1st news - Japan's well-known online claw machine game operator CyberStep announced that starting from July 1st, it will launch a new business for the strategic reserve and operation of encryption assets, planning to invest up to 1 billion yen. The new business will be managed by its newly established strategic department, Cryptech Capital, aimed at building a new revenue base and accelerating expansion into the Web3 field. The company plans to establish a "self-circulating Token economy," exchanging tokens generated by its Web3 services for mainstream encryption assets such as Bitcoin and Ether, as part of its corporate asset reserves. As a specific case, its blockchain game Eggle allows users to earn Eggle Energy Token ($ENG) during the process of nurturing NFT characters, and this token will be included in the strategic investment scope of the new business. Cryptech Capital will also invest in BTC, ETH, and other potential tokens, aiming to achieve dual returns through asset appreciation and liquidity provision. The initial budget is 200 million yen, expected to gradually expand to 1 billion yen by May 2026.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-a43ec573vip
· 12h ago
Ape In 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)