Japanese gaming giant Gumi plans to invest around $17 million to buy XRP
TechFlame
2025-08-29 14:58
TechFlame2025-08-29 14:58
English
According to TechFlame, according to The Crypto Basic, Japanese gaming giant Gumi Inc. announced plans to buy 2.5 billion yen (roughly $17 million) worth of XRP as part of an effort to expand its blockchain business. The company issued a press release today announcing this development following a decision at a recent board meeting. Notably, the gaming company will strategically accumulate XRP over a five-month period from September 2025 to February 2026. Commenting on this development, Gumi emphasized that the planned purchase is a strategic move aimed at enabling it to participate in the XRP ecosystem. Earlier in June, Gumi spent about $6.99 million to buy 80.352 bitcoins.