TOKYO,
JAPAN – Gumi Inc. (Tokyo Stock Exchange: 3903), a Tokyo-based game
development and crypto strategy firm, is significantly ramping up its
blockchain ambitions. The company announced on October 2 that its board
approved the issuance of its 26th series of share acquisition rights
through a third-party allotment to SBI Securities Co. Ltd. This fresh
funding, expected to yield approximately ¥5.72 billion ($38.79 million),
aims to reduce debt and accelerate Gumi's Japan blockchain strategy, with a pronounced focus on Gumi XRP acquisition and other digital assets.
The company explicitly outlined its intentions, stating:
The
funds raised this time will be allocated not only to acquire crypto
assets such as Bitcoin (BTC), XRP, and others that the company expects
to exceed their current value in the future, but also to create
synergies through staking and other business applications.
Of
the net proceeds, roughly ¥3 billion will go towards repaying a loan
from SBI Securities. Another ¥2 billion is earmarked for the purchase of
XRP and Bitcoin, while ¥719 million will be channeled into other Gumi crypto investments
within the blockchain sector. By combining asset purchases with staking
activities, Gumi seeks to generate both capital gains and consistent
revenue streams.
Highlighting XRP as a key 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 joint development of new services in collaboration with Ripple
and the SBI Group.
The
firm emphasized XRP's significant role in international money transfer
systems and its alignment with SBI's financial network, making it
strategically important. While acknowledging the risks of crypto market volatility,
management stressed a long-term perspective, anticipating that XRP and
other holdings will appreciate over time. The adjustable exercise price
structure tied to market prices was also designed to offer financing
flexibility while moderating dilution for existing shareholders. This
major SBI Gumi funding initiative underscores a concerted effort to deepen ties with the Ripple partnership Japan ecosystem and accelerate digital asset integration within its operations.
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