Japanese Gaming Company Gumi to Invest 17 Million Dollars in XRP and Bitcoin

Tokyo Stock Exchange listed Gumi plans to invest 17 million dollars in XRP and Bitcoin as part of its long term financial strategy with SBI.

Japanese Gaming Company Gumi to Invest 17 Million Dollars in XRP and Bitcoin
Japanese Gaming Company Gumi to Invest 17 Million Dollars in XRP and Bitcoin

Japanese gaming giant Gumi has announced plans to purchase XRP worth 2.5 billion yen (approximately 17 million USD), reinforcing its commitment to cryptocurrency adoption. The Tokyo Stock Exchange-listed company revealed that its board of directors approved the move, which is expected to be completed by February next year.

Gumi, whose largest shareholder is SBI Holdings, stated that this investment is part of its broader financial strategy, positioning XRP and Bitcoin at the center of its long-term growth plans. The company emphasized that the decision is strategic rather than speculative, aiming to strengthen its position in the rapidly evolving financial sector.

Gumi hisselerinin bir aylık fiyat grafiği

Earlier this year, Gumi also revealed plans to acquire $6.5 million worth of Bitcoin and held a Bitcoin lottery for new shareholders in March. Company executives believe that integrating XRP will allow Gumi to join the expanding XRP ecosystem, which plays a crucial role in global payments and liquidity networks.

SBI Holdings, known for its strong partnership with Ripple, is also working to launch a crypto exchange-traded fund (ETF) featuring Bitcoin, XRP, and other digital assets, pending approval in Tokyo.

Additionally, Gumi plans to leverage staking protocols to manage its Bitcoin holdings. The company views XRP as a demand-driven asset for global finance and Bitcoin as a universally recognized store of value, reflecting its belief in the long-term potential of both cryptocurrencies.