Japanese Corporate Altcoin Buying Spree Intensifies as Gumi Commits $17M to XRP Acquisition

Another Japanese giant jumps headfirst into crypto—Gumi's latest $17 million XRP play signals corporate Japan's deepening altcoin addiction.

Corporate Crypto Craze Goes Mainstream

While traditional finance still debates blockchain utility, Japanese firms keep writing checks. Gumi's massive XRP allocation follows a growing trend of public companies bypassing Bitcoin to target specific utility tokens. They're not just hedging—they're building.

Ripple's Enterprise Appeal

XRP's cross-border settlement narrative resonates with corporations eyeing operational efficiency. Unlike pure speculative assets, it offers a tangible use case that boardrooms can understand—even if regulators still can't.

The $17 Million Question

That's not pocket change—it's a strategic bet on payment infrastructure evolution. While crypto Twitter debates memecoins, institutions are quietly accumulating positions that could reshape global finance. Because nothing says 'financial innovation' like moving traditional money into digital assets while your CFO sweats over volatility reports.

Gumi: XRP and BTC Are ‘Two Pillars’ of Our Financial Strategy

SBI is a long-term partner of the XRP issuer Ripple, and an ardent advocate of the altcoin. But Gumi has also proven to be extremely Bitcoin-keen.

The firm announced plans to buy over $6.5 million worth of bitcoin back in February. And in March this year, Gumi held a $106,000 BTC lottery event for its newest shareholders.

Gumi officials said that the future XRP buy is not purely speculative. Instead, it called the move a “strategic initiative” that WOULD allow it to move into the financial sector.

The company claimed its MOVE would help it participate in the XRP ecosystem. This ecosystem, officials aid, is now playing a central role in international remittances and liquidity networks.

Developing cross-border remittances and liquidity are values “at the Core of” SBI’s operations, Gumi noted.

XRP will thus take on “great significance” as a medium- to long-term growth asset, Gumi believes.

Gumi has also unveiled plans to launch a multi-billion yen crypto management fund in conjunction with SBI.

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SBI: Aiming for Crypto ETF

SBI wants to launch an exchange-traded fund (ETF) that incorporates BTC, XRP, and other tokens. The firm is currently waiting on approval from Tokyo, which continues to deliberate on crypto ETF appoval.

Gumi has also said that it will look to manage its Bitcoin holdings by using staking protocols.

The company has also explained that it sees BTC and XRP as two separate pillars of its growth strategy.

XRP, it said, is a “network asset that is rooted in real financial demand.” Bitcoin, meanwhile, is a “globally universal asset,” Gumi believes.