Ripple Launches $750M Share Buyback at $50B Valuation

Ripple has launched a tender offer to repurchase up to $750 million in shares from investors and employees, according to Bloomberg, with the deal implying a company valuation of $50 billion. The offer is expected to close in April. Ripple declined to comment.

The implied price tag represents a 25% increase over the $40 billion valuation attached to the company's most recent fundraising round — a $500 million raise completed in November 2025 that drew in Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

The timing is notable. Bitcoin has fallen more than 40% from its October peak, and XRP has dropped 30–40% over the same period, yet Ripple is pricing its equity higher than it did when markets were stronger.

This is not the company's first attempt at a buyback. A previous $1 billion tender at a $40 billion valuation in September 2025 drew the lowest participation rate of any prior round, with employees reluctant to sell. Before that, Ripple repurchased $285 million in shares at an $11 billion valuation in January 2024. The higher implied price on the current offer may be intended to move the needle on participation.

Acquisition spree

Ripple has been on an aggressive acquisition spree in the meantime. The company spent $1.25 billion to acquire prime brokerage Hidden Road, $1 billion on treasury management firm GTreasury, and $200 million on stablecoin platform Rail. Its own stablecoin, RLUSD, has grown to a $1.57 billion market cap. A planned acquisition of BC Payments is also in the works, aimed at securing an Australian Financial Services License as part of the firm's Asia-Pacific expansion.

Ripple president Monica Long confirmed earlier this year that an IPO is not currently planned. CEO Brad Garlinghouse, however, has been more bullish on the company's long-term ceiling, saying in February that he believes a trillion-dollar crypto company is an inevitability.

XRP is currently the fifth-largest cryptocurrency by market cap at approximately $84.7 billion, and spot XRP ETFs have attracted $1.26 billion in cumulative inflows since launching in November 2025.

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