Ripple starts $750M buyback at $50B valuation

Ripple launches $750M share buyback at a $50B valuation. The tender runs through April, per Bloomberg.

Ripple will repurchase up to $750M from investors and employees at a $50B company value, according to Bloomberg.

The move follows a September attempt to buy back $1B at a $40B valuation. That round saw low participation versus earlier tenders, Bloomberg reports.

The company has maintained it has no plans to go public in the US, per Bloomberg.

XRP ticked up to $1.39 after the news. It remains down 4–5% over the past 7–14 days.