SBI values Ripple stake at $41.2B despite XRP price slump
SBI values Ripple stake at $41.2B despite XRP price slump
SBI cited a ¥6.6 trillion valuation for its Ripple shareholding during its first-quarter earnings presentation.SBI’s crypto asset business posted a ¥1.4 billion pretax loss, although market maker B2C2 remained profitable.First-quarter net profit rose 149.9% year over year to ¥148.1 billion.SBI is also expanding through the Canton Network and a ¥3 billion crypto fund.