CandleFocus XRP Buyback Program Proposed to Japanese Financial Giant SBI
2024-12-16
Author: Content Editor
GAM Investments has written an open letter to the CEO of SBI Holdings, urging the Japanese financial giant to adopt a strategy focused on XRP. The investment manager suggests that SBI implement an XRP buyback program, similar to MicroStrategy's approach with Bitcoin, in order to increase the value of its XRP holdings. GAM claims that SBI's indirect holdings in Ripple exceed its market cap, indicating a significant gap between its market value and the value of its crypto assets. The lack of clarity in SBI's strategy regarding Ripple's technology and crypto investments is said to be contributing to its poor market performance. GAM also calls for greater transparency through daily valuations of XRP holdings and regular updates to shareholders on its net asset value components.
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