Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

SBI-backed game maker Gumi announces $17 million XRP purchase

CryptoExpert by CryptoExpert
August 30, 2025
in Market Analysis
0
SBI-backed game maker Gumi announces $17 million XRP purchase
  • Facebook
  • Twitter
  • Pinterest


You might also like

Chiliz targets new weekly highs as derivatives data flips bullish

Pi Network tops $0.1500 following mainnet upgrade

Celestia (TIA) extends recovery above $0.44 as retail traders fuel rally

Key Takeaways

Gumi plans to invest $17 million in XRP between September 2025 and February 2026.
The dual-asset strategy includes both Bitcoin and XRP to diversify business and financial opportunities.

Share this article

Tokyo-listed game developer and publisher Gumi announced Friday its plan to purchase 2.5 billion Japanese yen (approximately $17 million) worth of XRP, expanding its digital asset holdings beyond Bitcoin.

Phemex

After acquiring 1 billion yen ($6.6 million) worth of Bitcoin in early 2025, Gumi’s board of directors has approved the addition of Ripple’s native crypto asset to its balance sheet to expand its web3 and blockchain focus.

The company intends to execute the purchase between September 2025 and February 2026.

The Gumi team said the XRP decision is part of a long-term strategy to join the XRP ecosystem, which underpins international remittance and liquidity networks. The move also represents an opportunity to expand its revenue.

“XRP is a key asset to the international remittance and liquidity network strategy led by SBI Holdings. Given that SBI is our largest shareholder, XRP has extremely high strategic compatibility with the company,” as noted in a translated version of the Friday announcement.

SBI Holdings has a deep and longstanding connection with Ripple. The two entities have a joint venture called SBI Ripple Asia aimed at promoting blockchain-based payment infrastructure in Japan and across Asia.

Earlier this month, Ripple and SBI agreed to distribute Ripple’s RLUSD stablecoin in Japan, aiming to introduce a regulated and trusted stablecoin option for enterprises by early 2026.

The company said it plans to pursue a dual-asset strategy centered on Bitcoin and XRP, using Bitcoin for income and value stability while leveraging XRP’s financial utility to grow sector revenues and strengthen its blockchain business.

“In particular, the expanding real-world use of XRP in financial infrastructure such as cross-border payments and liquidity provision gives it significant importance as a medium- to long-term growth asset,” Gumi added.

The company said it will evaluate its crypto holdings at market value quarterly, with valuation gains and losses to be recorded in its income statement.

Share this article

Follow on Google News



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Chiliz targets new weekly highs as derivatives data flips bullish

by CryptoExpert
May 27, 2026
0
Chiliz is approaching the $0.051 resistance

Key takeaways CHZ is up 5% in the last 24 hours and is now approaching the $0.05 resistance level. The derivatives data indicate that the bulls are in...

Read more

Pi Network tops $0.1500 following mainnet upgrade

by CryptoExpert
May 27, 2026
0
PI drops below the $0.1700 level.

Key takeaways PI has reclaimed the $0.1500 level after dropping below this critical area on Tuesday. The positive performance comes following the mainnet upgrade.  Pi Network has reversed...

Read more

Celestia (TIA) extends recovery above $0.44 as retail traders fuel rally

by CryptoExpert
May 26, 2026
0
A trader analyzing the TIA/USD bullish structure

Key takeaways Celestia (TIA) climbed above $0.4400 on Friday, marking its third consecutive day of gains this week. The coin could extend its rally towards the $0.50 psychological...

Read more

TrapDoor attack targets crypto wallets, AWS keys and GitHub tokens

by CryptoExpert
May 26, 2026
0
Kinto coin crashes as after Arbitrum contract exploit

The malware spread through npm, PyPI, and Rust packages in coordinated waves. It steals crypto wallets, SSH keys, and cloud developer credentials. AI coding tools were also targeted...

Read more

DeXe (DEXE) Breaks Key Resistance—Is a 35% Rally to $25 Next?

by CryptoExpert
May 25, 2026
0
Coinpedia - Fintech & Cryptocurreny News Media

DeXe has emerged as one of the top-performing altcoins in the crypto market after recording a sharp 30% rally within a short period. The token witnessed a massive...

Read more
Next Post
BNB price turns bearish as Binance futures trading faces a temporary outage

BNB price turns bearish as Binance futures trading faces a temporary outage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 73,132.00
ethereum
Ethereum (ETH) $ 1,979.20
tether
Tether (USDT) $ 0.998416
bnb
BNB (BNB) $ 636.73
xrp
XRP (XRP) $ 1.28
usd-coin
USDC (USDC) $ 0.999612
solana
Solana (SOL) $ 80.60
tron
TRON (TRX) $ 0.366095
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?