SBI Chairman Says 9% Ripple Stake Could Outweigh $10B XRP
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SBI Holdings CEO clarifies that the company owns a 9% stake in Ripple Labs rather than $10B in XRP. This equity could become more valuable with Ripple's rising valuation. SBI also holds 39B+ XRP linked to its investment in Ripple.
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- SBI Holdings CEO Yoshitaka Kitao says its 9% stake in Ripple Labs may outsize $10B XRP rumors.
- Instead of holding $10B in XRP, SBI owns equity that could soar if Ripple’s valuation climbs.
- Ripple holds 39B+ XRP, tying billions in reserves to SBI’s exposure through corporate ownership.
Fresh attention is turning to SBI Holdings after its CEO and Chairman, Yoshitaka Kitao, clarified the company’s actual exposure to Ripple Labs.
Speculation began circulating on X when a user suggested that SBI holds $10 billion worth of XRP and is expanding aggressively in Asia following its move to acquire Coinhako. Kitao responded by correcting the claim. He stated that SBI does not own $10 billion in XRP. Instead, the firm controls approximately 9% of Ripple Labs itself.
According to Kitao, this equity position could ultimately be far more valuable than a direct XRP holdin…
Read The Full Article SBI Chairman Says 9% Ripple Stake Could Outweigh $10B XRP On Coin Edition.
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