Japanese gaming firm CyberStep plans to invest 1b yen into its new crypto arm
2025-07-01 09:29:32
Main Idea
CRYPTECH Capital is creating a self-circulating token economy to generate tokens for purchasing Bitcoin and Ethereum, with a strategic reserve target of 1 billion yen ($6.9 million).
Key Points
1. CRYPTECH Capital is building a 'self-circulating token economy' to generate tokens for buying BTC and ETH.
2. The initiative includes an initial purchasing budget set for the fiscal year ending in May 2026.
3. The strategic reserve aims to reach up to 1 billion yen ($6.9 million).
4. CyberStep will create and promote in-game tokens from its web3 game services, which will be exchanged for major cryptocurrencies like Bitcoin and Ethereum.
5. An example of a self-circulating token is the Eggle Energy token ($ENG), launched by CyberStep in April.
Description
Japanese online claw machine operator CyberStep is launching a new business arm called CRYPTECH Capital which will generate tokens used to buy BTC and ETH as reserve assets. According to a recent report on CoinDesk Japan, the company that operates the online claw machine game “Toreba” has established its own dedicated crypto stockpile firm to manage its corporate crypto holdings. The newly established branch is called “CRYPTECH Capital” and it is responsible for building a new revenue base for t...
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