Ripple to buy back $285 million of its shares, valuing ...
Jan 10, 2024 · Cryptocurrency company Ripple Labs, known for its XRP coins, is buying back $285 million worth of shares in the company from early investors and employees, two sources familiar with the...
Ripple Announces $285M in Shares Buyback - Yahoo Finance
Jan 11, 2024 · Crypto-payments firm Ripple Labs is planning to buy back $285 million worth of its shares from early investors, valuing the company at $11.3 billion, according to Reuters. The share...
SBI Eyes XRP Buyback Program—Details of the Proposal Unveiled
Dec 16, 2024 · Also, one of the major proposals by GAM is for SBI to implement an XRP buyback program. GAM recommends that SBI use a portion of its cash flow from its banking and securities businesses to purchase XRP directly from the market. As per GAM, this move will reduce the XRP supply in the market circulation, ultimately leading to an increase in its ...
GAM Proposes XRP Buyback Program to SBI Holdings: Key Details
Dec 17, 2024 · The proposed buyback program is seen as a way for SBI to capitalize on its crypto investments and unlock greater shareholder value. Conclusion. GAM Investments’ proposal to implement an XRP buyback program for SBI Holdings represents a bold move aimed at addressing the significant undervaluation of the company’s market capitalization.
Ripple drops IPO plan, eyes buy back of $285 million ...
Jan 12, 2024 · Ripple CEO Brad Garlinghouse reveals Ripple’s plan to buy back shares on a regular basis to provide liquidity to investors. The firm holds over $1 billion cash and $25 billion in crypto, most of...
Is Ripple’s share buyback positive or negative?
Jan 11, 2024 · Ripple confirmed the buyback to Reuters with CEO Brad Garlinghouse stating that Ripple has $1 billion in cash and $25 billion in crypto, mostly XRP. He also confirmed there are no plans for an IPO any time soon because of U.S. regulatory uncertainty.
Ripple Labs Announces Buy Back of Almost 1 Billion XRP from ...
Dec 16, 2023 · In a bold move to fortify its position in the volatile cryptocurrency market, Ripple Labs has recently executed a substantial buyback of nearly 1 billion XRP tokens, further demonstrating the company's commitment to market stability and liquidity.
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