Gumi Inc. (Tokyo Stock Exchange: 3903), a Tokyo-based game developer and blockchain strategy company, announced on October 2 that its board approved the issuance of the 26th series of stock acquisition rights through a third-party allotment to SBI Securities Co., Ltd. The financing is expected to raise approximately ¥5.72 billion ($38.79 million), primarily to reduce debt and accelerate Gumi’s blockchain growth strategy, with a strong focus on acquiring XRP and other crypto assets.
Fund Allocation Breakdown
The net proceeds will be allocated as follows: approximately ¥3 billion to repay a loan from SBI Securities; ¥2 billion for the purchase of XRP and Bitcoin; and ¥719 million for further blockchain investments. The company stated: “Funds raised this time will be allocated not only to acquiring crypto assets such as Bitcoin, XRP, and others that the company expects will exceed their current value in the future, but also to create synergies through staking and other business applications.”
Strategic Emphasis on XRP
Gumi highlighted XRP as a priority. The company believes that beyond capital gains from XRP’s price appreciation, deeper collaboration with Ripple and the SBI Group can foster joint development of new services. XRP’s role in international remittance systems and its alignment with SBI’s financial network make it strategically significant. While acknowledging volatility risks, management maintains a long-term outlook, expecting XRP and other holdings to appreciate over time.
The adjustable exercise price structure linked to market prices provides funding flexibility while mitigating shareholder dilution effects. By combining asset purchases with staking activities, Gumi aims to generate both capital gains and steady income. This move comes amid Japan’s increasingly crypto-friendly regulatory environment. As SBI Group expands its digital asset footprint, Gumi’s alignment with Ripple and SBI positions it to capture opportunities in Japan and beyond.
The financing is projected to close in the current fiscal quarter, pending standard approvals. Gumi’s board affirmed that the long-term value of crypto assets, particularly XRP, outweighs short-term volatility risks.