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Ripple News: SBI Holdings Pushes XRP Strategy Amid IPO Speculation
SBI Holdings has recently pushed its strategy in XRP amid speculation surrounding an initial public offering (IPO) by Ripple, a move that could significantly impact the global fintech industry. The company’s stake in Ripple Labs is reportedly at 8%, with investments in XRP and Ripple-related ventures estimated to be ¥1.6 trillion (approximately $10 billion). This value surpasses SBI Holdings’ market capitalization of ¥1.2 trillion.
Recent reports suggest that GAM Global Special Situations Fund has proposed an active XRP purchasing program, mirroring the strategy employed by MicroStrategy in the United States. Proponents argue that such a move could enhance SBI’s blockchain-related holdings while creating shareholder value.
The potential buyback program would involve using part of its cash streams to acquire XRP, similar to how it has used its blockchain investments. This approach is expected to strengthen SBI Holdings’ assets and yield financial benefits. Market analysts believe implementing this strategy could positively impact the company’s stock market valuation.
Aligning with MicroStrategy’s proven model in the US, SBI Holdings may deliver tangible returns for investors, bolstering confidence in their forward-thinking approach to blockchain technology.
Source: www.crypto-news-flash.com
