#openclawfounderjoinsopenai In the fast-moving world of crypto, a single tweet can spark a wildfire. Over the last few days, rumors swirled that Japanese financial giant SBI Holdings was sitting on a staggering $10 billion worth of $XRP .
However, SBI Holdings CEO Yoshitaka Kitao has officially stepped in to clarify the situation, and the reality is a bit more nuanced than the "moon" theories suggested.
Gemini said
Setting the Record Straight: SBI Holdings CEO Debunks the $10 Billion XRP Rumor
In the fast-moving world of crypto, a single tweet can spark a wildfire. Over the last few days, rumors swirled that Japanese financial giant SBI Holdings was sitting on a staggering $10 billion worth of XRP.
However, SBI Holdings CEO Yoshitaka Kitao has officially stepped in to clarify the situation, and the reality is a bit more nuanced than the "moon" theories suggested.
Equity vs. Tokens: The Big Correction
The rumors gained traction after social media posts suggested that SBI’s massive balance sheet included a direct $10 billion treasury of XRP tokens. Kitao-san personally responded to correct the record, making a critical distinction:
What they DON'T hold: $10 billion in liquid XRP tokens.
What they DO hold: A massive 9% to 10% equity stake in Ripple Labs.
Kitao explained that holding $10 billion directly in a volatile cryptocurrency would expose the company to extreme market fluctuations. Instead, by owning a significant portion of Ripple Labs (the company), SBI benefits from the growth of the entire Ripple ecosystem
However, SBI Holdings CEO Yoshitaka Kitao has officially stepped in to clarify the situation, and the reality is a bit more nuanced than the "moon" theories suggested.
Gemini said
Setting the Record Straight: SBI Holdings CEO Debunks the $10 Billion XRP Rumor
In the fast-moving world of crypto, a single tweet can spark a wildfire. Over the last few days, rumors swirled that Japanese financial giant SBI Holdings was sitting on a staggering $10 billion worth of XRP.
However, SBI Holdings CEO Yoshitaka Kitao has officially stepped in to clarify the situation, and the reality is a bit more nuanced than the "moon" theories suggested.
Equity vs. Tokens: The Big Correction
The rumors gained traction after social media posts suggested that SBI’s massive balance sheet included a direct $10 billion treasury of XRP tokens. Kitao-san personally responded to correct the record, making a critical distinction:
What they DON'T hold: $10 billion in liquid XRP tokens.
What they DO hold: A massive 9% to 10% equity stake in Ripple Labs.
Kitao explained that holding $10 billion directly in a volatile cryptocurrency would expose the company to extreme market fluctuations. Instead, by owning a significant portion of Ripple Labs (the company), SBI benefits from the growth of the entire Ripple ecosystem