Shareholders of SBI Holdings who opted to receive XRP as part of the company’s shareholder benefit program are now sitting on gains of more than four times their average acquisition price.
The update was highlighted by XRP community figure Eri, who pointed to the firm’s latest financial results presentation delivered on February 4, 2026.
Key Points
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SBI shareholders who chose XRP since 2020 are now sitting on 4x gains from their average acquisition price.
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Over six distribution rounds, the weighted average purchase price came in at just JPY 58.8 per XRP.
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With XRP recently trading near JPY 252, earlier allocations from 2019–2022 have surged in value.
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Despite a 60% drop from its peak, XRP still delivers strong long-term gains for SBI investors.
XRP Distributions Began in 2020
SBI began distributing XRP to eligible shareholders in March 2020 as part of its shareholder benefits program. Since then, six distributions have been made. Under the program:
- A benefit equivalent to JPY 8,000 translates to 816 XRP.
- A JPY 2,000 benefit translates to 204 XRP.
Over the six rounds, the weighted average acquisition price per XRP came in at JPY 58.8.
Market Value Now 4X Higher
As of February 2, 2026, the market value of the distributed XRP stood at approximately JPY 252.46 per token. That places the holdings at roughly four times the average acquisition price, according to Slide 12 of SBI’s financial results presentation.
The chart in the report shows that earlier distributions, particularly those in fiscal years 2019 through 2022, were made when XRP was trading significantly lower. In some cases, the price ranged from around ¥20 to ¥100. With XRP recently trading near ¥250, those allocations have appreciated sharply.
Notably, these estimates in Japanese yen also closely align with XRP’s dollar value. For instance, XRP traded around $0.285 in 2019 and remained within that range for subsequent years. It was not until November 2024 that XRP’s price decisively broke out from $0.50 to $1, $2, and later $3 within three months. This 7x price surge is reflected in the Japanese market as well.
Meanwhile, as of today, XRP is trading around $1.45, having lost over 60% of its value from its peak. Yet SBI investors are still roughly four times richer in XRP compared to their initial distribution.
Long-Term Exposure Paying Off
The data shows the benefit of holding XRP for the long term. Instead of buying at market highs, SBI’s shareholder program allowed investors to receive XRP at an average price far below today’s market value.
SBI has maintained a strong partnership with Ripple and remains one of the largest institutional supporters of XRP in Japan and across Asia. Its chairman, Yoshitaka Kitao, recently stated that SBI Holdings’ 9% stake in Ripple is worth more than $10 billion in XRP.
Now that XRP is trading several times higher than the average distribution price, shareholders who kept their tokens are sitting on significant unrealized gains. This has strengthened confidence in SBI’s crypto-related shareholder programs.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.