Japanese Giant Makes Announcement About XRP Acquisition

Japan-based gaming company GUMI announced that it has joined Evernorth’s XRP-focused treasury initiative, led by SBI Holdings and Ripple Labs, as part of a public company private equity investment (PIPE). According to the company's statement, the majority of the $5 million investment will be used to purchase XRP from the open ￰0￱ is a startup aiming to drive enterprise-wide XRP ￰1￱ company plans to merge with a SPAC called Armada Acquisition Corp. II, trading on the Nasdaq under the ticker symbol “XRPN,” and raise more than $1 billion in total funding. GUMI's investment announcement stated that the funds raised will be used to create one of the world's largest public XRP ￰2￱ treasury will not only hold XRP but also aim to increase asset value through institutional lending and DeFi (decentralized finance) ￰3￱ also claimed that all financial reports will be reviewed by an independent auditing firm, ensuring high transparency and governance ￰4￱ News: BREAKING: A Rumor Circulating That Could Have a Significant Impact on the US Trade War Against China GUMI made the following statement: “XRP is one of the few digital assets whose regulatory framework is beginning to be clarified in the US and whose usability in global payments has been ￰5￱ in Evernorth offers a simple, high-liquidity investment opportunity in XRP within the framework of a regulated and audited public company.” Furthermore, Evernorth’s activities will not be limited to market transactions only; it will also act as a validator to contribute to the growth of the XRP Ledger ecosystem.” *This is not investment ￰6￱ Reading: Japanese Giant Makes Announcement About XRP Acquisition