Japanese Game Developer Gumi Approves 2.5 Billion Yen XRP Acquisition
Gumi's board has approved acquiring XRP to enhance its Bitcoin investments. The company plans to invest 2.5 billion Japanese Yen ($17 million) in XRP from September 2025 to February 2026, projecting to purchase approximately 6 million coins at current prices.
Key points include:
- February 2025: Gumi invested 1 billion Japanese Yen ($6.6 million) in Bitcoin.
- The new XRP acquisition aims to align with blockchain-driven revenue opportunities.
- XRP is viewed as providing financial utility beyond the store-of-value properties of Bitcoin.
- SBI Holdings is a significant partner, co-managing SBI Ripple Asia, enhancing Gumi's strategy in cross-border payments.
- Plans to introduce the RLUSD stablecoin in Japan by early 2026 are aligned with this acquisition.
- Gumi will assess Bitcoin and XRP holdings quarterly, reporting gains and losses transparently.
- Ripple (XRP) currently trades at $2.82, down 5% intraday after losing the $3 support level.
The strengthening XRP adoption in Japan has increased demand for secure multi-chain solutions like Best Wallet, which has raised over $15 million in its presale.