Ripple announces $200M share buyback and expresses optimism for 2022
The company has repurchased all Series C shares originally issued to Tetragon Financial Group, SBI Holdings and Route 66 Ventures in December 2019. Blockchain payments firm Ripple has announced a $200-million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.Back in December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside SBI Holdings and Route 66 Ventures.However, in December 2020, the United....
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Blockchain payments giant Ripple has initiated a share buyback program that positions the company at a substantial valuation of $50 billion. Ripple Revives Share Buyback Effort According to a Wednesday report from Bloomberg, Ripple plans to repurchase up to $750 million in shares from both investors and employees. The plan is set to run through April, as disclosed by sources familiar with the situation. This new buyback effort follows a previous attempt in September, when Ripple aimed to buy back $1 billion worth of shares. However, that initiative fell short, as the company’s....
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The share repurchase program centers around Grayscale's Litecoin, Zcash and Horizon investment products. Grayscale parent Digital Currency Group, better known as DCG, announced that it intends to repurchase up to $250 million in shares for various Grayscale investment products.The share repurchase program is centered around Grayscale’s Litecoin Trust, Horizon Trust, Zcash Trust and other Grayscale products, DCG confirmed on Wednesday. The pace and timing of the share repurchase are not fixed and will depend on several factors, “including the levels of cash available, price, and prevailing....