SBI's Enduring Ripple Faith
SBI Reaffirms $41.2 Billion Ripple Equity Valuation Despite XRP Price Weakness
Anonymous
Key Points
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SBI expects to complete its acquisition of the Japanese crypto exchange Bitbank in August, strengthening its domestic crypto footprint.
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SBI’s stake in Ripple is in Ripple Labs equity (about 9%), not XRP itself, highlighting that private-equity backing is read as a signal for Ripple’s ecosystem rather than direct token demand.
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XRP spot ETFs have accumulated roughly $1.41–$1.42 billion in net inflows since launch, with about 981.45 million XRP locked in ETFs, part of an eight-week streak of inflows.
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SBI’s private-equity arm drove a record quarter (private equity profit about 119.9 billion yen), while the crypto segment posted a pretax loss of around 1.4 billion yen, with its market-making unit B2C2 remaining profitable.
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SBI values its Ripple stake at ¥6.6 trillion (about $41.2 billion), but other outlets have reported higher figures around $45 billion, illustrating variability in Ripple-affiliate valuations.
SBI Holdings has put a ¥6.6 trillion ($41.2 billion) price tag on its stake in Ripple Labs, reaffirming its long-term bet on the company even as XRP trades in the $1.30s range, Crypto News reported. The Japanese financial giant holds roughly 9% of Ripple Labs equity — shares in the company itself, not the XRP token.
The valuation came alongside a record quarterly profit for SBI, driven largely by its private-equity arm. But the company's crypto trading segment posted a pretax loss of about 1.4 billion yen, a sign that sluggish market conditions are biting even as the broader Ripple bet pays off on paper, according to KuCoin.
SBI's Ripple Bet Is Equity, Not Tokens
It is worth noting what SBI actually owns. Its Ripple stake is equity in Ripple Labs, the company — not a direct holding of XRP coins. That matters because Ripple Labs' value does not move in lockstep with XRP's daily price swings. Crypto News noted that private-equity backing like this is read as a signal for Ripple's ecosystem, not a direct driver of token demand.
SBI's private-equity arm posted profit of about 119.9 billion yen for the quarter — a record. Meanwhile, its market-making unit B2C2 stayed profitable. The crypto segment's 1.4 billion yen pretax loss was the weak spot, KuCoin reported. Overall, SBI's quarter was strong enough that the Ripple stake's paper value added to an already solid result.
U.S. CLARITY Act Is Holding XRP Back, SBI Says
SBI linked XRP's sluggish price directly to regulatory uncertainty in the United States. Specifically, the company pointed to the CLARITY Act — U.S. legislation aimed at sorting out which digital assets count as securities. Crypto Economy reported that SBI said this uncertainty has "tempered" XRP's price momentum, keeping buyers cautious.
XRP has been trading around the $1.30s range. Traders are watching resistance near $1.45. If U.S. lawmakers pass clearer crypto rules, analysts say institutional money could flow in more freely. Until then, regulatory risk stays a ceiling on XRP's price, Crypto Economy reported.
XRP ETF Inflows Keep Climbing Despite Price Slump
Even with XRP stuck in the $1.30s, demand for XRP spot ETFs has not faded. These funds have pulled in roughly $1.41 to $1.42 billion in net inflows since launch, with about 981.45 million XRP now locked inside them, according to DMarketForces. That eight-week streak of inflows shows institutional buyers are still putting money to work.
Spot ETFs let big investors get exposure to XRP without holding the token directly. Steady inflows even during a price slump suggest that long-term buyers see value at current levels. Analysts say a U.S. regulatory breakthrough could turn that steady drip of inflows into a flood.
SBI Eyes Bitbank Acquisition to Deepen Crypto Push
SBI is not just sitting on its Ripple stake. The company expects to complete its acquisition of Bitbank, a Japanese crypto exchange, in August. The deal would give SBI a stronger foothold in Japan's domestic crypto market. U.Today reported that SBI's Ripple stake may actually be worth closer to $45 billion by some estimates, showing how valuations of Ripple-linked assets can vary.
Taken together, SBI is building a crypto empire from multiple angles — private equity in Ripple Labs, a market-making unit, and soon a retail exchange. The strategy is long-term. Near-term price weakness in XRP has not changed that plan.
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