Ripple Raises $500 Million at $40 Billion Valuation as Wall Street Targets XRP Reserves

Ripple’s November share sale brought in $500 million from institutional investors at a $40 billion valuation, with terms including a 10% annual return and a buyback option after three or four years, according to Bloomberg. Some funds reportedly judge that up to 90% of Ripple’s net asset value is tied to its XRP holdings, which Bloomberg estimates at over $83 billion despite recent price declines.