Ripple Begins Buying Back Shares at $50 Billion Valuation: Bloomberg
Ripple is conducting a share buyback of up to $750 million from employees and investors, valuing the company at $50 billion—25% higher than its previous $40 billion valuation during a $500 million fundraising round in November. This initiative, running through April, aims to reclaim outstanding equity and position Ripple towards a potential $1 trillion valuation, a milestone CEO Brad Garlinghouse considers achievable. Ripple’s strategy focuses on strengthening the XRP ecosystem, with its XRP token currently the fifth-largest by market capitalization, despite a significant price drop from its all-time high of $3.56 to around $1.40. The company has recently expanded its offerings through significant acquisitions, including Hidden Road for $1.25 billion, GTreasury for $1 billion, and stablecoin platform Rail for $200 million. Ripple’s stablecoin, RLUSD, has reached a market capitalization of $1.57 billion.
