Gumi Sets Sights on Becoming Japan's Largest Institutional XRP Holder

Tokyo-listed game developer Gumi is doubling down on XRP by consolidating ¥14 billion, worth over $90 million, in assets to become Japan's largest institutional holder.

The company has been gradually building its position in the asset, including a board-approved purchase of approximately ¥2.5 billion worth of XRP.

Gumi is restructuring its business into two pillars: 'Neo Media Entertainment Business' and 'Neo Crypto Business', with XRP operations remaining a cornerstone of the business.