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Gumi and SBI launch Bitcoin and altcoin fund as game developer's crypto holdings nearly double

A fund holding Bitcoin ($BTC) and altcoins, launched by Japanese video game developer Gumi in partnership with financial group SBI, extends a crypto business the company has centered on XRP, Gumi disclosed. The company said its total crypto holdings have nearly doubled over the past year.

By Rafael Okonkwo2 min read$BTC
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Key takeaways

  • Japanese video game developer Gumi, in partnership with financial group SBI, launched a fund holding Bitcoin ($BTC) and altcoins, extending a crypto business previously centered on XRP.
  • Gumi said its total crypto holdings have nearly doubled over the past year, though it did not specify whether that measure refers to unit count, market value, or both.
  • XRP remains the anchor of Gumi's crypto business, with the new SBI fund layering Bitcoin and other altcoins on top rather than displacing XRP.
  • The new fund is structured inside a formal financial vehicle rather than held directly on Gumi's balance sheet.
  • Neither company disclosed the fund's total size, the Bitcoin-to-altcoin split, a deployment timeline, or who is selling the assets into the fund and at what price.

A fund holding Bitcoin ($BTC) and altcoins, launched by Japanese video game developer Gumi in partnership with financial group SBI, extends a crypto business the company has centered on XRP, Gumi disclosed. The company said its total crypto holdings have nearly doubled over the past year.

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Frequently asked

What did Gumi and SBI launch?

They launched a fund holding Bitcoin and altcoins, extending Gumi's existing crypto business that had been centered on XRP.

Does the new fund replace XRP in Gumi's crypto holdings?

No; XRP remains the center of Gumi's crypto business, and the new fund adds Bitcoin and other altcoins over that foundation without displacing XRP.

By how much did Gumi's crypto holdings grow?

Gumi said its total crypto holdings nearly doubled over the past year, but did not specify whether the increase was in unit count, market value, or both.

What details about the fund were not disclosed?

Neither company disclosed the fund's total size, the split between Bitcoin and other altcoins, a deployment timeline, or who is selling the assets into the fund and at what price.

What is Gumi's core business?

Gumi is a Japanese video game developer, and its XRP-centered crypto portfolio is a secondary operation built alongside its core gaming business.