Overview
- Bloomberg and other outlets report Ripple opened a tender to repurchase up to $750 million of private shares through April from employees and early investors.
- The pricing implies a valuation near $50 billion, about 25% above the $40 billion level set in November when Ripple raised $500 million from backers including affiliates of Fortress Investment Group and Citadel Securities.
- The program provides liquidity for insiders and can consolidate ownership without requiring a public listing.
- Ripple cites more than $100 billion in processed transactions, a growing RLUSD stablecoin above $1 billion in market value, and major acquisitions of Hidden Road ($1.25 billion) and GTreasury ($1 billion).
- The offer arrives as crypto prices have fallen, with XRP down more than 50% in recent months, and private-market signals vary, including Forge Global data showing Ripple shares down over 9% this week.