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On August 29, Japanese gaming conglomerate Gumi Inc. disclosed a board-approved plan to acquire XRP valued at 2.5 billion Japanese yen (approximately $17 million) in a press release, positioning the transaction as part of efforts to scale its blockchain business and reallocate capital into digital assets.
The purchase complements an earlier allocation reported on June 13, when Gumi acquired Bitcoin worth 1 billion Japanese yen (about $6.96 million), per COINOTAG; collectively, these documented moves illustrate a measured corporate strategy to increase institutional exposure to cryptocurrencies within the company’s balance sheet.
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