Today's XRP Update: Financially backed by SBI, Gumi announces plans to acquire $17 million worth of XRP

In a significant move for the cryptocurrency market, Japanese firm Gumi Inc. has announced plans to acquire XRP worth ¥2.5 billion ($17 million) over the next five months, starting from September 2025 and concluding in February 2026.

The acquisition will mark a shift in Gumi's treasury strategy, with the firm diversifying its crypto holdings to include XRP. This move signifies a vote of confidence in Ripple's payment utility, setting Gumi apart from many other public companies that predominantly invest in Bitcoin.

Gumi's decision to invest in XRP is part of a broader strategy to integrate the cryptocurrency into its business operations beyond simple investment. The firm aims to utilise XRP for liquidity services, remittances, and ecosystem partnerships, positioning itself at the centre of one of the most established real-world use cases in crypto.

Ripple lawyer Bill Morgan confirmed the news, stating that Gumi, backed by SBI, will purchase XRP worth over ¥2.5 billion ($17 million) over the next five months. This move is expected to take place gradually, with quarterly purchases planned throughout the acquisition period.

Gumi has a history of collaboration with Ripple, having co-invested in biometric security startup Keyless in 2019 (then known as RippleX, later as Xpring). This long-standing relationship, combined with Gumi's strategic investment in XRP, suggests a strong alignment between the two companies.

Institutional interest in XRP is growing, with several companies, including Trident Digital, Webus International, and VivoPower, introducing XRP into their corporate treasuries. This trend suggests that XRP is evolving from a speculative asset to a treasury-grade holding, bridging blockchain technology with traditional finance while offering potential long-term value appreciation.

In Gumi's treasury strategy, XRP is set apart from Bitcoin. While Bitcoin provides stability and yield, XRP supports real-world payments, liquidity, and cross-border adoption. This strategic approach reflects Gumi's forward-thinking approach to the evolving cryptocurrency market.

By acquiring XRP, Gumi Inc. is aligning with Ripple and SBI Holdings' push for adoption in international remittances and liquidity services. This move is expected to contribute to the ongoing growth and acceptance of XRP as a viable and reliable option for businesses in the global financial sector.

As Gumi embarks on this ambitious investment, it remains to be seen how the market will respond. However, one thing is certain: the acquisition of XRP by Gumi Inc. is a significant step forward for the cryptocurrency, signalling a growing confidence in its potential and utility.

Today's XRP Update: Financially backed by SBI, Gumi announces plans to acquire $17 million worth of XRP