Large Japanese companies continue to buy Bitcoin (BTC) and Altcoins with their balance sheets, the mobile Gumi games company ready to spend 2.5 billion yen ($ 17 million) on XRP purchases.
According to an official version of Gumi and a report by the Japanese media committee, the board of directors of the listed company on the Tokyo Stock Exchange has signed.
The firm said it was aimed at completing the purchase before the end of February of next year. Gumi’s largest shareholder is SBI Holdings.
GUMI: XRP and BTC are “two pillars” of our financial strategy
SBI is a long -term partner of the XRP Ripple transmitter and an ardent defender of the Altcoin. But Gumi was also extremely Bitcoin-Keen.
The company announced its intention to buy more than $ 6.5 million in Bitcoin in February. And in March this year, Gumi organized a BTC lottery event of $ 106,000 for its new shareholders.
Gumi officials said the future XRP is not purely speculative. Instead, he described the movement a “strategic initiative” which would allow him to enter the financial sector.
The company said its decision would help participate in the XRP ecosystem. This ecosystem, AID of managers, is now playing a central role in sending international funds and liquidity networks.
The development of sends in cross -border funds and liquidity are values ”at the heart of” SBI operations, “noted Gumi.”
XRP will thus take on “great importance” as a medium -term growth ratio, says Gumi.
Gumi has also unveiled plans to launch a cryptography management fund for several billion Yen in collaboration with SBI.
SBI: aim for an Crypto ETF
SBI wishes to launch a bargain on the stock market (ETF) which incorporates the BTC, XRP and others tokens. The company is currently awaiting the approval of Tokyo, which continues to deliberate on the approval of Crypto ETF.
Gumi also said that he would seek to manage his Bitcoin farms using implementation protocols.
The company also explained that it considers BTC and XRP as two distinct pillars of its growth strategy.
XRP, he said, is an “network active that is rooted in real financial demand”. Bitcoin, meanwhile, is a “world universal asset”, believes Gumi.
The Japanese company purchase position Altcoin continues with Gumi to spend $ 17 million on XRP appeared first on Cryptonews.
