Ripple Labs plans to repurchase $285m stake in tender offer


Ripple Labs initiated a $285 million share buyback, valuing the company at $11.3 billion, amid regulatory uncertainties.

On Jan. 10, Ripple Labs, a cryptocurrency company famous for XRP, announced a buyback of $285 million in company shares from early investors and employees, valuing the firm at $11.3 billion. The tender offer allows investors to sell up to 6% of their stake.

Confirming the buyback, Ripple disclosed plans to allocate $500 million for the repurchase, covering the conversion of restricted stock units into shares and associated taxes.

Ripple aims to conduct regular share buybacks to enhance liquidity for investors and has no immediate plans to go public in the U.S., citing regulatory uncertainties, as stated by CEO Brad Garlinghouse. The company currently holds over $1 billion in cash and more than $25 billion in crypto, mainly XRP coins.

This move follows Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC), where a U.S. District Judge ruled that XRP sales on public exchanges were not unregistered securities offerings.

Established in 2012, Ripple focuses on developing a payment system that facilitates cross-border transactions, promoting the use of XRP. Despite challenges posed by the SEC lawsuit, Garlinghouse noted that 95% of their customers are non-U.S. financial institutions.

As of Wednesday, XRP’s market cap stands at $30 billion.

Source : by Bralon Hill / Jan 10, 2024 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.