Ripple CEO Brad Garlinghouse reveals company holds $100 billion in XRP, calling outdated valuation into question.
Ripple’s $100 Billion XRP Holdings
Ripple CEO Brad Garlinghouse recently disclosed that the company owns more than $100 billion worth of XRP tokens, a key factor in determining Ripple’s valuation. Despite trading at a significant discount in secondary private markets, Garlinghouse emphasized that the XRP holdings should be considered when assessing the company’s value.
Ripple’s Valuation Update
Garlinghouse also noted that Ripple’s previous valuation of $11 billion, reported in early 2024 after buying back shares, is outdated. He highlighted that Ripple’s valuation has likely increased significantly, though he did not provide an updated figure.
Ripple’s IPO Plans
While Ripple has been speculated to go public for years, Garlinghouse clarified that the company did not prioritize an initial public offering (IPO) under the previous SEC administration, as it didn’t make sense.
Ripple’s Growing Demand in Blockchain Infrastructure
Garlinghouse noted that Ripple continues to be a leading blockchain infrastructure provider for financial institutions, with increasing demand for the company’s custody solutions. The growing demand for Ripple USD (RLUSD) has contributed to Ripple’s recent momentum.
Shift in SEC Leadership and Ripple’s Growth
With anti-crypto SEC Chair Gary Gensler leaving the agency, Ripple has seen heightened demand in recent weeks, according to Garlinghouse, who described the situation as “a bit exhausting.” The company’s job offers in the U.S. have surged dramatically compared to a year ago, indicating a positive shift in Ripple’s prospects.
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