Ripple valued at $50 billion after $750 million share buyback
Ripple, the fintech known for its association with the XRP cryptocurrency, will buy back about $750 million of shares from investors and employees, which would put the company’s valuation at about $50 billion. The plans were first reported by Bloomberg, which cited sources familiar with the matter.
Ripple’s valuation has gone up about 25% since November, when it raised $500 million in a funding round backed by affiliates of Citadel Securities and affiliates of Fortress Investment Group, among others. Its growing valuation makes the company a rare recent success story in a crypto industry that has tanked since the tail end of last year. Bitcoin is down about 44% since its all-time high price of $126,000 in October, according to Binance.
Founded in 2012, the company was an early adopter of crypto. Ripple now aims to help financial institutions send money across the world cheaper and faster than traditional foreign exchange. It does so via the XRP Ledger, a cryptocurrency that it created, which serves as a bridge between currencies.
In 2025, the company expanded through acquisitions for services like trading and stablecoin infrastructure. It bought the prime brokerage Hidden Road for $1.25 billion, and acquired the treasury management company GTreasury for $1 billion. Ripple said earlier this month that it had processed more than $100 billion in transactions.
Like other major cryptocurrencies, XRP has taken a hit in the last few months. Since its all-time high in July, the cryptocurrency is down about 62% to its current price of roughly $1.38, according to Binance. Ripple has been able to survive this dip in part because it owns large reserves of XRP it periodically sells, and because the firm has been building out other financial services products.
Correction: This article was corrected on March 12. A previous version of the article said that Ripple’s November funding round was backed by Citadel Securities and Fortress Investment Group, but the round was backed by affiliates of Citadel Securities and affiliates of Fortress Investment Group.
This story was originally featured on Fortune.com