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Could Ripple’s XRP Become SBI Holdings’ Secret Weapon for Growth?
As the global financial landscape continues to evolve, it appears that SBI Holdings, a Japanese financial giant, may be on the cusp of a transformative shift. This notion has been fueled by GAM Investments’ bold proposal for the company to invest heavily in Ripple’s native cryptocurrency, XRP.
The idea is simple yet groundbreaking: by buying back a substantial amount of XRP directly from the market, SBI could boost the token’s value while concurrently showcasing its commitment to the crypto space. As XRP has garnered significant attention following the RLUSD stablecoin launch and speculation surrounding ETF approval, this strategy could unlock JPY 3.9 trillion in untapped potential.
For years, SBI Holdings has been a steadfast supporter of Ripple and blockchain technology, holding an impressive stake of 8% to 9% in Ripple Labs. Additionally, it possesses a considerable amount of XRP tokens. Despite this, the company’s market capitalization stands at JPY 1.2 trillion, leaving a significant gap between its actual net asset value (NAV) and perceived market value.
GAM Investments suggests that SBI take a cue from companies like MicroStrategy, which has generated immense attention by heavily investing in Bitcoin. This move could see SBI Holdings’ market value soar to JPY 3.9 trillion, bridging the existing valuation gap. By reducing the supply of XRP in circulation, this plan may also drive up its price, benefiting both parties and potentially reshaping SBI’s market standing.
As XRP draws increased attention amidst RLUSD’s rollout and ETF speculation, GAM Investments’ proposal could be a game-changer for the Japanese financial institution.
Source: coinpedia.org
