Main Japanese firms are persevering with to purchase Bitcoin (BTC) and altcoins with their stability sheets, with the cell gaming agency Gumi poised to spend 2.5 billion yen ($17 million) on XRP purchases.
Per an official Gumi launch and a report from the Japanese media outlet CoinPost, the Tokyo Inventory Trade-listed agency’s board of administrators has signed off on the transfer.
The agency mentioned it goals to finish the acquisition earlier than the tip of February subsequent 12 months. Gumi’s largest shareholder is SBI Holdings.
Gumi: XRP and BTC Are ‘Two Pillars’ of Our Monetary Technique
SBI is a long-term companion of the XRP issuer Ripple, and an ardent advocate of the altcoin. However Gumi has additionally confirmed to be extraordinarily Bitcoin-keen.
The agency introduced plans to purchase over $6.5 million price of Bitcoin again in February. And in March this 12 months, Gumi held a $106,000 BTC lottery occasion for its latest shareholders.
Gumi officers mentioned that the longer term XRP purchase shouldn’t be purely speculative. As an alternative, it referred to as the transfer a “strategic initiative” that will permit it to maneuver into the monetary sector.
The corporate claimed its transfer would assist it take part within the XRP ecosystem. This ecosystem, officers assist, is now enjoying a central function in worldwide remittances and liquidity networks.
Growing cross-border remittances and liquidity are values “on the core of” SBI’s operations, Gumi famous.
XRP will thus tackle “nice significance” as a medium- to long-term development asset, Gumi believes.
Gumi has additionally unveiled plans to launch a multi-billion yen crypto administration fund at the side of SBI.
The $300B stablecoin market is about to develop into the trillions.
Along with @sbivc_official, we’re bringing $RLUSD to Japan in early 2026, providing customers and establishments a trusted, regulated and fully-backed stablecoin constructed for enterprise use circumstances. https://t.co/htcrMiQkTe— Ripple (@Ripple) August 22, 2025
SBI: Aiming for Crypto ETF
SBI needs to launch an exchange-traded fund (ETF) that comes with BTC, XRP, and different tokens. The agency is at the moment ready on approval from Tokyo, which continues to deliberate on crypto ETF appoval.
Gumi has additionally mentioned that it’ll look to handle its Bitcoin holdings by utilizing staking protocols.
The corporate has additionally defined that it sees BTC and XRP as two separate pillars of its development technique.
XRP, it mentioned, is a “community asset that’s rooted in actual monetary demand.” Bitcoin, in the meantime, is a “globally common asset,” Gumi believes.
The submit Japanese Company Altcoin Shopping for Spree Continues With Gumi to Spend $17M on XRP appeared first on Cryptonews.