SBI Holdings Highlights XRP’s Strength in New Financial Report!
SBI Holdings has released a financial report detailing its growing partnership with Ripple, shedding light on XRP’s circulating supply, market value, and burning mechanism. The report reaffirms XRP’s strong position in the crypto space, emphasizing its steady value appreciation over the years.
XRP Supply and Burning Mechanism
📌 As of February 2, 2025, 57.76 billion XRP are in circulation, according to SBI’s report.
📌 Ripple currently holds 47.9 billion XRP, with 37.43 billion locked in escrow, ensuring a gradual release to prevent oversupply.
📌 XRP’s burn mechanism has eliminated 0.01 billion XRP through transaction fees, helping secure the network and deter spam transactions.
SBI Shareholders Enjoy XRP Rewards
🏆 Since March 2020, SBI has rewarded its shareholders with XRP distributions five times.
🏆 Each shareholder has received a total of 796 XRP, initially valued at 8,000 Japanese Yen (JPY) when the price was 502 JPY/XRP.
🏆 As of February 6, 2025, XRP’s price has surged to 3,546 JPY, meaning shareholders’ XRP holdings have increased in value 7x.
This price surge reflects XRP’s long-term strength and growing adoption, reinforcing investor confidence in the asset.
SBI & Ripple’s Expanding Partnership
🤝 SBI owns a 9% stake in Ripple, supporting XRP’s global adoption.
🌏 SBI Ripple Asia, founded in 2016, continues to enhance cross-border payments in the Asia-Pacific region.
💸 In 2021, SBI Remit launched Japan’s first international remittance service using XRP.
🎨 SBI and Ripple are now moving into the NFT space, planning to launch NFTs on XRP Ledger during the 2025 Osaka Expo.
💵 Recently, SBI introduced RLUSD, a USD-backed stablecoin, further strengthening its presence in the crypto market.
With SBI’s growing integration of XRP, the Ripple-SBI alliance remains pivotal for XRP’s global expansion, reinforcing its role in the future of digital finance.
