PANews reported on August 29th that according to The Crypto Basic, Japanese gaming giant Gumi Inc. announced plans to purchase 2.5 billion yen (approximately $17 million) worth of XRP as part of its efforts to expand its blockchain business. The company issued a press release today announcing the development following a decision made at a recent board meeting.

Notably, the gaming company will strategically accumulate XRP over a five-month period between September 2025 and February 2026. Commenting on the development, Gumi emphasized that the planned purchase is a strategic move designed to enable it to participate in XRP’s ecosystem.

Earlier in June, it was reported that Gumi spent about US$6.99 million to buy 80,352 bitcoins .