Japan-based mobile gaming company Gumi announced that it will purchase 25 billion yen (approximately $17 million) worth of $XRP as part of its growth strategy in the blockchain and Web3 space.
The company's board of directors announced the decision today. The acquisitions are planned to take place between September 2025 and February 2026.
Gumi argued that the $XRP purchase wasn't intended solely to capitalize on price appreciation, but rather as a step toward gaining a strategic position in international payment and liquidity networks. The company states that this move will increase revenue opportunities in blockchain-focused financial activities.
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