Gumi Inc. (Tokyo Stock Exchange: 3903), a Tokyo-based game developer and cryptocurrency 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 projected to raise approximately ¥5.72 billion ($38.79 million), aimed at reducing debt and accelerating Gumi’s blockchain growth strategy, with a substantial emphasis on acquiring XRP and other crypto assets.
Funding Allocation
Of the net proceeds, about ¥3 billion will be directed to repaying a loan from SBI Securities, ¥2 billion will be used for the purchase of XRP and Bitcoin, and ¥719 million will go toward 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.”
XRP as a Strategic Priority
Gumi highlighted XRP as a priority, noting that in addition to capital gains from XRP’s value increase, the company can further strengthen business synergies by promoting joint development of new services in collaboration with Ripple and the SBI Group. The firm emphasized that XRP’s role in international remittance systems and its alignment with SBI’s financial network make it strategically significant. While acknowledging volatility risks, management underscored a long-term outlook, expecting XRP and other holdings to appreciate in value over time.
Staking and Crypto Income
By combining asset purchases with staking activities, Gumi seeks to generate both capital gains and steady income. Staking allows the company to earn rewards by participating in blockchain network validation, providing a recurring revenue stream. Gumi also plans to continue evaluating other crypto assets to diversify its holdings and capture additional growth opportunities.
Shareholder Dilution Mitigation
The adjustable exercise price structure tied to market prices was designed to provide funding flexibility while moderating the impact of dilution for existing shareholders. Gumi’s management stated that it will balance capital efficiency with shareholder returns as it advances its blockchain strategy.