SBI Shareholders See Fourfold Gains From XRP Allocations Since 2020
Crypto analyst Eri notes that six rounds of XRP distributions to SBI Holdings investors were acquired at an average cost of JPY 58.8, with prices recently approaching JPY 252.
XRP
Summary
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Terms & Concepts
XRP: A digital asset created by Ripple Labs, designed for fast and low-cost cross-border payments.
Weighted Average Purchase Price: An average acquisition cost of an asset, weighted by the size of each purchase or distribution.
SBI Holdings: A Japanese financial services group actively investing in and distributing cryptocurrencies to shareholders.