Japan’s Gumi Raises Funds to Acquire XRP and Expand Blockchain Strategy

CN
3 hours ago

Tokyo-based game developer and crypto strategy company Gumi Inc. (Tokyo Stock Exchange: 3903) announced on Oct. 2 that its board approved the issuance of the 26th series of stock acquisition rights through a third-party allotment to SBI Securities Co. Ltd. The financing, projected to raise approximately ¥5.72 billion ($38.79 million), is aimed at reducing debt and accelerating Gumi’s blockchain growth strategy, with a substantial emphasis on acquiring XRP and other crypto assets.

The company set out its intentions clearly, stating:

Funds raised this time will be allocated not only to acquiring crypto assets such as bitcoin ( BTC), XRP, and others that the company expects will exceed their current value in the future, but also to create synergies through staking and other business applications.

Of the net proceeds, about ¥3 billion will be directed to repaying a loan from SBI Securities, ¥2 billion will be used for the purchase of XRP and bitcoin, and ¥719 million will go toward further blockchain investments.

By combining asset purchases with staking activities, Gumi seeks to generate both capital gains and steady income.

In highlighting XRP as a priority, Gumi noted:

The company believes that, in addition to capital gains from the increase in XRP’s value, it can further strengthen business synergies by promoting the joint development of new services in collaboration with Ripple and the SBI Group.

The firm emphasized that XRP’s role in international remittance systems and its alignment with SBI’s financial network make it strategically significant. While acknowledging volatility risks, management underscored a long-term outlook, expecting XRP and other holdings to appreciate in value over time. The adjustable exercise price structure tied to market prices was also designed to provide funding flexibility while moderating the impact of dilution for existing shareholders.

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