SBI CEO Calls Ripple Stake A ‘Hidden Asset,’ Hints It Could Be Much Bigger
SBI Holdings CEO Yoshitaka Kitao refuted a viral claim that the company holds $10 billion in XRP, clarifying that its true "hidden asset" is its 9% equity stake in Ripple Labs. He emphasized that Ripple's overall valuation—including its ecosystem—could be enormous, making SBI's stake significantly more valuable than its XRP holdings. Community estimates suggest Ripple's valuation could exceed $50 billion, valuing SBI's stake at over $4.5 billion with substantial future upside. SBI's long-term strategic partnership with Ripple, including investments dating back to 2016, underpins this position. At the time of reporting, XRP traded at $1.46.
bitcoinist02/16 12:02
