SBI Holdings Shuts Down $10 Billion XRP Claims, Reveals Its Real Ripple Bet
SBI Holdings Chairman clarified they own a 9% equity stake in Ripple Labs, not $10 billion in XRP.Summary
SBI Holdings Chairman Yoshitaka Kitao refuted claims that the Japanese financial services giant held $10 billion worth of XRP tokens. Instead, Kitao clarified that SBI's exposure is an equity stake of approximately 9% in Ripple Labs. He suggested that based on Ripple's total valuation, which includes its ecosystem, SBI's hidden asset could be significantly larger than the dismissed XRP figure. This statement follows recent comments by Ripple CEO Brad Garlinghouse, who expressed confidence that Ripple has the potential to become a $1 trillion company, similar in valuation to major tech firms. Garlinghouse emphasized that Ripple's core mission is to drive success around XRP and its ecosystem, viewing XRP as its "north star."
(Source：BeInCrypto)