XRP Surges In Value: Recently, XRP’s price soared by 500% within a month, grabbing the crypto market’s attention. As the native token of Ripple, this surge highlights its potential as a key asset for investors.
SBI Holdings’ Crypto Valuation: SBI Holdings, which has an 8% to 9% share in Ripple and significant XRP tokens, reports a JPY 1.2 trillion market value. However, GAM Investments values its crypto assets at approximately JPY 1.6 trillion, indicating undervaluation.
Buyback Proposal For XRP: GAM suggests SBI implement a buyback program for XRP to elevate its market value. This strategy could align SBI closer to a JPY 3.9 trillion market cap by reducing XRP supply, enhancing its price further.