The post SBI Teases Explosive Ripple Valuation Ahead Of Potential IPO appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SBI Holdings has told shareholders that the conglomerate’s long-standing stake in Ripple Labs will remain off its balance sheet until the US fintech either lists its shares or undergoes a comparable third-party appraisal, leaving what management calls “an enormous amount of unrealized profit” unrecognised for now. The disclosure appears in the group’s fiscal-year 2024 results deck (FY ended 31 March 2025), presented on 9 May. Consolidated revenue reached ¥1.443 trillion ($9.39 billion), up 19.3% year-on-year, while profit before tax almost doubled to ¥282.3 billion ($1.83 billion), driven by outsized contributions from private-equity revaluations and a buoyant crypto-asset arm. Ripple’s True Value Remains Locked: SBI Within the private-equity segment, a slide devoted to unlisted holdings spells out the accounting treatment for Ripple: “About the shares of Ripple Lab Inc. in the US held by the SBI Group as unlisted shares, the value of XRP held in escrow by Ripple Lab Inc. will not be included in the corporate value until a clear valuation is determined through an IPO or other means.” That valuation reserve matters. During the same presentation, executives reminded investors that SBI first backed Ripple more than a decade ago and “now [has] a little less than 10 percent of the equity stake of Ripple.” Citing Ripple’s current escrow and circulating supply, management estimated the notional market capitalization of XRP at “about ¥20 trillion ($130 billion)”, before adding that the balance of tokens under escrow “is still under lock-up.” In an extended Q&A captured and transcribed by commentator Crypto Eri, SBI’s leadership elaborated on why those gains remain off the books: “The value of XRP held in escrow by Ripple Lab will not be included in the corporate value until a clear valuation is determined through…

---

Filed under: News - @ May 12, 2025 6:24 pm