Ripple Targets $50B Valuation With $750M Share Buyback Program

• Ripple plans to buy back $750M of its shares, valuing the company at about $50 billion.
• The valuation is higher than the $40 billion from its last funding round, despite the recent crypto market decline.

Ripple has launched a $750 million share buyback program, valued at around $50 billion, higher than the $40 billion valuation from its last funding round in November. According to the report, Ripple plans to repurchase up to $750 million worth of shares from employees and early investors through a tender offer. 

Ripple’s Valuation rises

The buyback program indicates that the firm’s valuation increased since the November fundraising round, representing a 25% increase in value, even though the broader crypto market has declined. The latest funding round affected the major institutional investors and funds linked to the Fortress Investment Group, Citadel Securities, and Marshall Wace. 

Ripple is widely known for its blockchain-based payment solutions that enable banks and financial institutions to move money globally within seconds. The company says its payment ecosystem has processed more than 100 billion transactions to date. Ripple also launched a U.S. dollar-backed stablecoin, RLUSD, which currently has a market value of about $1.5 billion. 

The company appears to be confident in its long-term growth based on the share buyback program. The company permits employees and early investors to sell a portion of their holdings by offering to repurchase shares. This program indicates that the company now values itself at roughly $50 billion, a substantial increase over its prior valuation.

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