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Japanese mobile gaming company Gumi announced plans to purchase ¥2.5 billion ($17 million) worth of XRP over the next five months. This marks one of the largest institutional treasury allocations into XRP so far and is part of Gumi’s broader strategy to adopt blockchain technology.

This is Gumi’s most substantial cryptocurrency acquisition to date. The company previously invested ¥1 billion in Bitcoin as part of its treasury holdings. The new ¥2.5 billion investment in XRP more than doubles that amount, indicating a clear preference for XRP’s liquidity and payment features.

“Contributing to the expansion of the XRP ecosystem, which plays an important role in international remittance and liquidity network strategies primarily promoted by SBI Holdings,” Gumi said in a statement regarding the acquisition. In response, attorney and XRP supporter Bill Morgan noted that this represents another step forward in institutional adoption.

Gumi’s purchase aligns with several other significant developments involving XRP. Donald Trump specifically mentioned XRP earlier this year when discussing the possible creation of a U.S. cryptocurrency reserve.

His remarks fueled speculation about XRP’s potential role at the policy level, though no further action has been taken. SWIFT recently announced that it has begun testing payment systems based on blockchain technology, including the Hedera Hashgraph and XRP Ledger. Regarding regulation, Ripple has also settled its lengthy legal dispute with the SEC, removing a major source of uncertainty.