Japanese financial conglomerate SBI Holdings has put a 6.6 trillion yen price tag, roughly $41 billion, on its stake in @Ripple, disclosing the figure during its earnings presentation for the
Japanese financial conglomerate SBI Holdings has put a 6.6 trillion yen price tag, roughly $41 billion, on its stake in @Ripple, disclosing the figure during its earnings presentation for the April to June quarter. A company director attributed the sluggish performance of $XRP to market uncertainty around the US CLARITY Act, describing the cryptocurrency as seemingly waiting on the outcome of the stalled legislation.
SBI recorded its most successful first quarter ever, with revenue growing to 571 billion yen and net profit attributable to shareholders reaching 148.1 billion yen, up 149.9% year over year. The Ripple holding sits within the group's private equity division, which was its best-performing segment. The crypto asset business itself posted a 1.4 billion yen pretax loss amid weak market conditions, though the group's global crypto market maker B2C2 remained profitable.
On the regulatory backdrop, the Senate Banking Committee advanced the CLARITY Act in May, and it appeared on the Senate's Legislative Calendar on June 1. The bill missed the White House's July 4 target but remains eligible for a floor vote whenever Senate leadership schedules one.The SEC and CFTC jointly classified $XRP as a digital commodity in March 2026 through regulatory interpretation, and the CLARITY Act would write that status into federal statute, removing the risk of a future reversal.
Despite the soft crypto quarter, SBI is expanding its digital asset footprint. SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank for 46.7 billion yen ($288.6 million), a deal that would create Japan's largest regulated crypto exchange group.Combined with SBI VC Trade, the merged operation would hold an estimated 2.92 million crypto asset accounts and approximately 1.1 trillion yen, around $6.8 billion, in assets under custody.
The acquisition is expected to close in or around October 2026, subject to approval by the Japan Fair Trade Commission.SBI has framed the purchase as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan.The group has maintained close ties with Ripple since 2016 and remains one of its largest external shareholders, with an estimated 9% equity stake.
Sources:CoinGape: SBI Holdings reaffirms $41.2B stake in Ripple despite XRP price weaknessCoinDesk: SBI Holdings to buy Bitbank for $289 millionBitcoin Magazine: SBI Holdings agrees to acquire Bitbank
