SBI Holdings, a major partner of Ripple, has released a new financial report revealing significant details about XRP. As per the report, as of February 2, 2025, around 57.76 billion XRP is circulating in the market. With a maximum supply of 100 billion XRP, a large portion is still held in reserve. Ripple currently holds 4.79 billion XRP and 37.43 billion XRP is in escrow. The escrow system ensures a gradual release of XRP into the market, preventing oversupply. The report also mentions burning XRP through transaction costs, reducing the overall supply over time. It also highlights the benefits to SBI shareholders. Since March 2020, SBI has rewarded its shareholders with XRP five times, totaling 796 XRP per shareholder. Initially valued at around 8,000 yen, equivalent to 50.2 yen per XRP, by February 6, 2025, the value of these rewards has increased to 354.6 yen per XRP, nearly 7 times the initial value. The long-term partnership between SBI and Ripple continues to expand. SBI, owning 9% of Ripple’s shares, plays a significant role in promoting XRP adoption. In 2016, both companies founded SBI Ripple Asia to enhance international payments in Asia-Pacific. Additionally, in 2021, SBI Remit launched Japan’s first international remittance service using XRP. Furthermore, their partnership extends to the NFT space, with plans to issue NFTs on the Ripple Ledger at the 2025 Osaka, Japan exhibition. It’s worth mentioning that alongside the crypto market improvement and the release of this report, the XRP price has surged by a notable 11.20% from the previous day, reaching $2.18. You can track the live prices of all tokens and cryptocurrencies on the real-time digital currency price page.
