SBI Holdings has reaffirmed its commitment to Ripple, estimating the value of its stake at $41.2 billion despite the recent slump in XRP prices.
The Japanese financial group reported 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.
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