7h ago
Ripple Starts $750 Million Share Buyback, Lifting Private Valuation To $50 Billion
Ripple has launched a new share repurchase plan of up to $750 million from investors and employees, placing the blockchain payments company at a $50 billion valuation. The program, reported on Wednesday and set to run through April, follows a prior September effort to buy back $1 billion in shares that saw limited shareholder participation. Following the latest announcement, XRP briefly recovered to around $1.39, even as the asset continues to show losses over recent multi‑week periods.