Ripple Initiates $750 Million Share Buyback, Company Valuation Reaches $50 Billion

March 12 — Blockchain payments firm Ripple has launched a share buyback program of up to $7.5 billion, valuing the company at approximately $50 billion, sources familiar with the matter told The Block. Bloomberg first broke the news. The buyback will be conducted via a tender offer, allowing investors and company employees to sell their shares back to Ripple. The program is expected to run through April this year. This latest move follows Ripple’s October 2023 attempt to repurchase $1 billion in shares at a $40 billion valuation, which saw limited participation as some private shareholders declined to sell. Ripple’s most recent funding round closed in November 2023, raising $500 million at a $40 billion valuation. The strategic financing was led by funds affiliated with Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, among others. Earlier this year, Ripple CEO Monica Long stated the company has no current plans for an initial public offering (IPO), citing its strong financial position and a focus on continuing expansion through acquisitions and product development.