I just saw that Ripple has taken a major step toward a share buyback. This $750 million program will run until next year. The company’s valuation is now $50 billion; four months ago it was $40 billion, which is a 25% increase.



What’s interesting is that employees and former investors are being given the opportunity to sell shares at $143 per share. In January 2024, when Ripple’s valuation was $11.3 billion, it’s now four times as much. Besides the share buyback program, they’ve also acquired companies like Hidden Road and GTreasury.

And yes, they’re not even thinking about an IPO right now. They’re simply handing cash to their employees and former investors. Is this a good strategy—or is there some other plan?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin