Ripple valuation up $10 billion in just four months
The valuation of the #1 XRP company is up 342% since January 2024.
The valuation of Ripple has increased $10 billion, a 25% increase in four months.
If you are bearish on XRP, you might want to check your analysis on this latest valuation set by billionaires.
According to Bloomberg, Ripple launched a tender offer to repurchase up to $750 million in shares from investors.
The offer runs through April, so sell as much as you want. The billionaires at Ripple are buying.
Market Context
In November, Ripple raised $500 million from Fortress, Citadel, Pantera, Galaxy Digital, Brevan Howard, and others at a $40 billion valuation. That $40 billion is up from a January 2024 tender offer at a $11.3 billion valuation.
In other words, after a 253% increase within two years, Ripple boosted that figure to 342% four months later.
CEO Brad Garlinghouse told an XRP community event on X in February, “There will be a trillion-dollar crypto company. I don’t doubt that for a second. I think Ripple has the opportunity, if we do things well in partnership with the overall XRP ecosystem, to be that company.”
News
Ripple planning share buyback at $50B valuation (Bloomberg)
Ripple gains Mastercard integration (X)
FDIC Chair: stablecoin deposits will not receive government guarantees (Fdic.gov)
ECB publishes roadmap for tokenized finance in Europe (Ecb.europa.eu)
Bank of England signals openness to revising proposed stablecoin holding caps (Bloomberg)
New Zealand regulator says NZDD stablecoin not classified as financial product (Fma.govt.nz)
Ghana admits 11 companies into regulatory sandbox program (Sec.gov.gh)
SEC and CFTX sign MOU sign MOU to coordinate regulatory priorities (Sec.gov)
Strive $ASST acquired $50M in Strategies $STRC (X)
Prevalon Energy, Anchorage Digital, and OranjeBTC also acquire STRC (Coindesk)
Kalshi files preemptive lawsuit against Iowa regulators (InGame)
Binance is suing Wall Street Journal for defamation over Iran coverage (Reuters)
Foundry launching Zcash mining pool (Businesswire)
Binance.US appoints Stephen Gregory as CEO (Binance)
Mastercard $MA launches crypto partner initiative with 85 members (Mastercard)
Kalshi proposing betting markets on NCAA transfer portal activity (InGame)
Prosecutors argue SBF should not receive new trial (Bloomberg)
Ethereum layer-2 developer OP Labs (Optimism) slashes headcount (Coindesk)
Alleged Ponzi scheme victims sue JPMorgan for banking supposed $328 million scam (Coindesk)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
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