- Gumi to invest ¥2.5B (~$17M) in XRP
- Follows earlier ¥1B BTC investment in 2024
- XRP aimed at utility, BTC reserved for treasury
Japanese gaming company Gumi is making bold moves in the crypto space. The firm recently revealed its plan to purchase ¥2.5 billion (around $17 million) worth of XRP, marking its second major crypto investment this year. Earlier in 2024, Gumi had already acquired ¥1 billion worth of Bitcoin .
While many companies have chosen Bitcoin as a long-term treasury reserve, Gumi’s latest investment in XRP signals a different strategy — one that focuses on the utility and functionality of blockchain technology rather than just asset preservation.
BTC for Reserves, XRP for Real Use
Bitcoin has long been viewed as a store of value, similar to digital gold. That’s exactly how Gumi appears to be using it — as a treasury asset, holding it to hedge against inflation and currency risks. Their purchase of ¥1B worth of BTC earlier this year aligns with this traditional crypto investment approach.
However, their decision to invest in XRP suggests they are eyeing real-world blockchain applications. XRP is known for its speed and low transaction fees, often touted as a bridge currency for cross-border payments. Gumi’s move hints at a corporate strategy where BTC holds value and XRP drives utility.
Why This Matters for Japan’s Crypto Scene
Japan has been one of the more progressive nations in terms of crypto regulation and adoption. Gumi’s decision to invest heavily in two different digital assets reflects a growing corporate confidence in blockchain technology. This move could inspire other Japanese firms to diversify their crypto portfolios, not just for investment, but for practical use in business models.
Gumi’s bet on XRP could also reignite institutional interest in the token, especially as Ripple continues to secure partnerships globally, despite ongoing legal battles in the U.S.
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