SBI Holdings Shuts Down $100M B2C2 Stake Sale Rumors!

Hold onto your hats, crypto fans! SBI Holdings just threw cold water on those sizzling rumors about selling a massive $100 million chunk of its crypto trading powerhouse, B2C2.

Just last week, Bloomberg tossed out a bombshell report saying SBI Financial Services was eyeballing a juicy sale of a piece of B2C2. Talk about shaking up the market!

These whispers came straight from the grapevine, with unnamed insiders spilling the beans that SBI was deep in talks with potential buyers, ready to make a deal.

But wait for it! Bloomberg hit us with a twist: SBI's spokesperson slammed the brakes on that story, saying flat out they're not even thinking about selling. And B2C2? They're keeping their lips sealed tight on the whole thing.

Let's rewind: SBI first got cozy with B2C2 back in July 2020, dropping $30 million to snag a minority stake and kickstart a game-changing partnership to beef up their crypto game for millions of users.

Digital Asset Acquisition

Fast forward to December 2020, and SBI wasn't playing around anymore. They went all in, fully gobbling up B2C2 and becoming the first big-name finance group to run a digital asset trading desk. Boom!

Since then, B2C2's been on a roll, expanding like wildfire in the crypto world. And get this: in August 2023, they scooped up French market-maker Woorton, snagging some sweet regulatory licenses to storm the European Union market.

This wasn't just a power move; it was B2C2's master plan to pump up their services and keep those European institutional clients swimming in liquidity.

SBI Holdings isn't messing around in the digital asset arena. They're all in, weaving cryptocurrencies into the fabric of traditional finance with every move they make.

From teaming up with blockchain wizards to pouring cash into crypto projects, SBI's all about embracing that wild, evolving digital economy.