Did SBI Holdings Really Buy $10 Billion Worth Of XRP? CEO Reveals The Real Figure

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Ah, the world of finance! It’s a place where numbers dance like fairies at a midsummer night’s dream and where speculation runs rampant like a herd of cats with a particularly tantalizing laser pointer. Recently, the rumor mill went into overdrive when whispers floated through the digital ether that SBI Holdings had acquired a staggering $10 billion worth of XRP. Yes, you heard right-$10 billion! That’s enough to make even the most stoic accountant do a double-take and consider a career in interpretive dance.

Where The $10 Billion XRP Claim Originated

The whole kerfuffle began on X (formerly Twitter), where a certain @Strivex_ decided to link SBI Holdings’ growing crypto portfolio-especially its escapades in Singapore-to this mythical multi-billion-dollar XRP stash. Apparently, SBI was painted not just as a partner in Ripple‘s grand scheme but as a colossal hoarder of XRP tokens. In other words, they were not merely dipping their toes in the cryptocurrency pool; they were purportedly doing cannonballs!

Not one to let a good tale fester without intervention, CEO Yoshitaka Kitao swooped in faster than a hawk diving for an unsuspecting mouse. He clarified that the $10 billion figure was about as accurate as a fortune cookie prediction. According to him, SBI does not, in fact, hold $10 billion of XRP tokens or maintain a treasury that would give even Scrooge McDuck a run for his money. Instead, Kitao pointed out that such a hefty holding would be like inviting a tornado to tea-extremely risky for SBI’s delicate balance-sheet soufflé.

So what’s the real story? Well, it turns out SBI’s connection to XRP is more indirect than a tourist trying to navigate the back alleys of London without a map. They’re not stockpiling tokens like a squirrel hoarding acorns for winter; instead, they’re invested in Ripple Labs itself. Yes, they own approximately 9% of Ripple-like having a seat at the cool kids’ table without needing to carry their lunch trays.

Indirect Exposure, Direct Influence

This equity stake translates into an implied value of about $4.5 billion, which, while impressive, is still less than half of that viral $10 billion claim. So, SBI isn’t throwing cash around like confetti at a wedding; they’re carefully participating in Ripple’s corporate growth without ever having to touch an XRP token. It’s like enjoying the deliciousness of cake without having to bake it yourself-much safer and considerably less messy.

Kitao has likened this Ripple stake to a “hidden asset,” suggesting that perhaps the market hasn’t quite grasped the full extent of SBI’s potential gains from Ripple’s expansion. It seems that as blockchain technology and cross-border payment systems grow, SBI’s quiet influence might just be the secret ingredient to their financial success.

The partnership between SBI and Ripple isn’t new; it dates back to 2016, proving that good relationships, like fine wine, only get better with age. SBI has been actively pushing Ripple’s reach across Asia, and their recent purchase of a majority stake in the Singapore-based exchange Coinhako shows they’re not just sitting around twiddling their thumbs. They’re busy building a digital highway between Japan and Southeast Asia, creating a veritable superhighway of crypto goodness.

Through these ventures, SBI continues to have a finger in the XRP pie, influencing real-world applications like liquidity provisioning and payment corridors-even without a direct XRP stash in their vaults. Who knew finance could be so convoluted and yet so utterly fascinating?

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2026-02-16 15:27