copyright https://x.com/BoringSleuth/status/1699264217142919253
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$SHIB Part 2
In this Post, I take a look at SBI Holdings financials, and their precarious timing with their investment into B2C2. If you missed it, last week I wrote a thread on how I believed I knew the identity of the mysterious Ryoshi, the creator behind the 2nd largest Meme token, Shiba inu, or $SHIB. You can read a general summary of my tweets in this
@WatcherGuru
article: https://watcher.guru/news/shiba-inu-new-theory-emerges-about-creator-ryoshi#google_vignette Once you have read that, continue to read below. It is here that I will begin to build a case around my thesis.
On July 1st 2020, SBI Group invested $30M USD into B2C2 for an uncontrolling interest, just 30 days before the token $SHIB was launched on the ethereum blockchain. Outside of a marketing stunt, where the team donated half of the SHIB tokens to the “well on his way” multi-Billionairre Vitalik Buterin, SHIB didn’t see any massive surge in volume or price. However this would change, once the chess pieces were in place. SBI Group at this time, the summer of 2020, was mostly known in crypto for being the largest institutional holder in $XRP. XRP was going thru regulatory challenges in 2020, and In December of that year, Gensler and the SEC sued Ripple and 2 executives claiming they took part in an unauthorized securities sale, which had a negative impact on Ripples short term liquidity and price. Interestingly enough, SBI Group at the same time XRP was being sued, purchased 90% of B2C2, the UK crypto Liquidity and trading firm where I believe SHIB’s founder, anon Ryoshi worked. In January of 2021, SHIB liquidity pools were drastically beefed up. In May of 2021 SHIB saw a massive price surge when Buterin announced he was donating 10% to COVID charities (at the top of the market) and burning the other 90%. SHIB had its moment, skyrocketing in price. A well played and well timed story.
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You may be sitting there thinking, how do I know SBI group, or B2C2 even held any SHIB? Keep reading 🙂 SBI Group does and did hold $SHIB, thru both of their Crypto entities. In fact, SHIB is one of only 11 Crypto assets that they handle on both SBI VC Trade platform and the Bitpoint exchange which they acquired. you can see their holdings below (as of June 2023):
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This is where I do my best to show you how much SBI Group has benefited from Crypto. While I can’t show you their books, I don’t have access to them, I can show you that they took a rather diversified, stagnant Bank, and turned it into a MONEY PRINTER.
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According to SBI Group’s 2023 Investor Presentation, In the 20 years in operation, leading up to 2020, SBI Group never held more than ¥6 Billion in assets. In 2023’s report, they booked ¥22.3 Billion in assets. In 2019, they booked a record profit of ¥52.5 Billion, about ¥7 Billion more than they booked in 2015. Fast forward 3 years, SBI Group profits jumped 6x, to ¥367 Billion. This put their EPS up almost 10x in just 3 years! SBI’s Revenue was up 44% YOY in 2022, but their GP was up 8x!!! How could a well established, 23 year old Organization, with 87 different companies stretched across 24 different countries around the Globe, all of a sudden grow their Profits by >800%, after experience relatively flat to slighly up growth for 21 years? Crypto. Selling their customers their worthless tokens thru their ever growing Digital asset ecosystem. Were they, thru B2C2 behind SHIB? I think without a doubt. They experienced growth like this because they sold worthless meme bags to holders who bought into the hype. I know many people that bought and lost. Who didn’t lose? SBI Group and their shareholders. I hope you learned something. Don’t worry, there is much more coming to this story, which I will most likely sum up in an article. Always stay curious my friends, Boring Sleuth
Who do I believe Ryoshi, the anonymous Founder of $SHIB is? #shibainu
https://x.com/BoringSleuth/status/1697027883862995185
I believe it is a combo of 2 people: Ryo Suzuki & Tsuyoshi Maruyama – Both Advisors to B2C2 Group Ryo Suzuki resigned as an advisor from B2C2 Group on 4/27/21, the exact same day Tsuyoshi Maruyama was appointed as an advisor for B2C2 Group. B2C2 Group is the current market maker for Robinhood, whose wallet at one point housed over 25% of the total SHIB supply. Despite most of the advisors being listed on the Company website, both Ryo & Tsuyoshi are omitted. te.company-information.service.gov.uk/company/079958 b2c2.com/about/meet-the As always, stay curious my friends Boring Sleuth