Ripple partner SBI Holdings and its affiliate SBI Shinsei Bank have announced a multi-million dollar investment in USDC issuer Circle following Circle’s IPO.
SBI Holdings is currently betting on the circle
investment, value Both SBI Holdings and SBI Shinsei Bank donated $25 million, with $50 million being split as well. This move follows the launch of Circle SBI Japan KK, a joint venture formed in March 2025 to promote the adoption and distribution of USDC in the Japanese market.
recently announcementrevealing today’s press release, shows the growth of the alliance between the SBI group and the circle. Business Contract Signed in November 2023.
Ripple Ally SBI Holdings announces Circle Investment
That relationship has become Japan’s first platform to unveil USDC earlier this year, with SBI Group’s Crypto Exchange subsidiary, SBI VC Trade, moving into a joint effort in various areas of digital finance..
Circle’s Successful IPO
In particular, backing from SBI Group Appears shortly after the circle’s successful market debut. Circle’s IPO was officially launched on June 5th under the ticker symbol “CRCL.”
Originally, they were aiming to raise up to $6.71 billion in a price range of $24-26 per share, but the offer later rose to 34 million shares at $31 each, exceeding their revised forecast of $27 to $28.
Interestingly, on the first day of the transaction, the shares opened for $69 and closed at $83.23. push Company Market cap In Around it $16.7 billion. Raising between $10.5 billion and $11 billion, the IPO was one of the most successful Fintech public products since Coinbase’s 2021 debut.
In particular, the move by SBI Holdings to acquire a significant share in Circle coincides with strong investors’ demand, as the IPO reportedly has been overregistered 25 times. Previous Report from Crypto-based.
The relationship between SBI and Ripple and the story of acquiring a circle
This investment also demonstrates the growth of SBI’s crypto strategy. Historically, SBI has been one of Ripple’s most important backers, with Japanese conglomerates currently holding about 9% of Ripple’s stake.
Since 2016, SBI and Ripple have been working together through their joint venture, SBI Ripple Asia, in an effort to promote the adoption of XRP and XRP ledgers across Asia. SBI has also made significant investments in blockchain ventures, including R3 and Securitize.
Meanwhile, Ripple’s reports examining the potential acquisition of circles has declined following Circle’s IPO. Ripple reportedly offered between $400 million and 500 million, and Circle refused. Brad Garlinghouse, CEO of Ripple I exposed the claim The company raised its offer to $20 billion.
In particular, by the time of Circle’s IPO, the company had achieved valuations far beyond its previous offers, attenuating speculation about a potential acquisition. but, Some claim IPOs for that circle are not automatically excluded Potential Get.
