SBI values Ripple stake at $41.2B despite XRP price slump
SBI Holdings has reaffirmed its exposure to Ripple, telling investors that its Ripple shareholding carries an estimated value of $41.2 billion despite weaker XRP prices and sluggish crypto market conditions. Summary SBI cited a ¥6.6 trillion valuation for its Ripple shareholding during its first-quarter earnings presentation. SBI’s crypto asset business posted a ¥1.4 billion pretax…
