Ripple Labs launches $750M share buyback, valuing firm at $50B

Ripple Labs has launched a share buyback program that would value the company at roughly $50 billion, reinforcing its position as one of the most valuable firms in the digital asset industry.

According to a Bloomberg report, the company plans to repurchase up to $750 million in shares from early investors and employees through a tender offer expected to run until April.

Ripple raised $500 million in November at a $40 billion valuation from investors including Citadel Securities and Fortress Investment Group. The company has also pursued acquisitions to expand beyond payments infrastructure into brokerage and stablecoin services, including a $1.25 billion purchase of Hidden Road.

The buyback comes after an earlier attempt to repurchase about $1 billion worth of shares at a $40 billion valuation saw limited participation from employees and investors, according to a report by The Information.

The renewed tender offer arrives amid a downturn in crypto markets, with Bitcoin falling more than 45% from its peak in early October and $XRP declining by more than 50% during the same period. Bitcoin was last trading near $70K, up about 1%, while $XRP was around $1.40, also up roughly 1% at press time.