To accelerate the growth of its metaverse business as a secondary revenue stream, Japan-based game company Gumi Co. Ltd. has entered a capital and business alliance with Square Enix Holdings Co. Ltd. and financial services company SBI Holdings Co. Ltd. Following this, Gumi will issue new shares worth 7 billion Japanese yen to make SBI Holdings the top shareholder with a 22.46% stake while Square Enix will receive 3.01%