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SBI Stands Firm on Ripple Investment Despite XRP Weakness

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SBI Holdings has reaffirmed its commitment to Ripple, valuing its stake at $41.2 billion despite the recent slump in XRP prices.

The Japanese financial group reported a ¥1.4 billion pretax loss from its cryptocurrency business during the first quarter, although market maker B2C2 remained profitable.

SBI cited a ¥6.6 trillion valuation for its Ripple shareholding and attributed the muted operating environment to uncertainty over the US Senate's passage of the CLARITY Act.

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