Ripple News: SBI CEO Denies $10B XRP Holdings Claim
The post Ripple News: SBI CEO Denies $10B XRP Holdings Claim appeared first on Coinpedia Fintech News
Ripple news: SBI Holdings CEO Yoshitaka Kitao has stepped in to correct misleading claims that the company holds $10 billion worth of XRP, clarifying that its real exposure comes from a significant equity stake in Ripple Labs.
His response comes as Ripple’s native token XRP price is trading around$1.46, and seeing a 4% weekly gain.
Ripple News: SBI CEO Rejects $10B XRP Holdings RumorThe confusion started after an X user named Ledger Man praised Ripple-backed SBI Holdings for expanding its crypto presence in Singapore through the acquisition of Coinhako.
However, what truly grabbed attention was the claim that SBI Holdings owns $10 billion worth of XRP.
Yoshitaka Kitao responded directly to the post and corrected the numbers. He made it clear that SBI does not hold $10 billion in XRP tokens. Instead, the company owns about a 9% equity stake in Ripple Labs.
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