The Tokyo exchange-traded gaming company Gumi is announcing the purchase of approximately 6,008,857 XRP tokens valued at $17,000,000.
According to a new announcement posted to the social media platform X, Gumi says the purchase is an integral part of the company’s growth strategy.
“Our company has resolved to purchase 2.5 billion yen worth of XRP as part of its growth strategy for the blockchain business.
Through contributing to the expansion of the XRP ecosystem, which plays an important role in the international remittance and liquidity network strategy primarily promoted by SBI Holdings, we aim to expand revenue opportunities in that business.”
Gumi also purchased $6.6 million worth of Bitcoin (BTC) earlier this year.
In a separate translated announcement, Gumi further explains its crypto strategies.
“In particular, the fact that XRP is seeing growing demand for financial infrastructure, such as international remittances and liquidity provision, is of great significance in positioning it as a medium- to long-term growth asset.
Going forward, we will promote an asset strategy based on the dual pillars of BTC (a globally universal asset) and XRP (a network asset rooted in real financial demand).
With BTC, we will enjoy the benefits of stable staking returns and the rise in value of a universal asset, while with XRP, we will strengthen our profitability in the financial sector by contributing to the expansion of the ecosystem.“
SBI Holdings, Gumi’s parent company, is a financial services giant in Japan.
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