Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple Owns Over $100 Billion in XRP

Ripple Owns Over $100 Billion in XRP

HappyCoinNewsHappyCoinNews2025/01/08 02:11
By:HappyCoinNews

Company director Ripple , which issued the cryptocurrency XRP , Brad Garlinghouse said his firm owns over $100 billion in digital assets.

Total value of coins XRP , which we own, now exceeds $100 billion, - said Garlinghouse in a recent interview with Devin Ryan.

Ripple Owns Over $100 Billion in XRP image 0

Brad Garlinghouse

Capitalization level XRP is valued at $138,8 billion, respectively, under the control of Ripple 72% of the issued tokens are located. Accordingly, the ecosystem XRP centralized, unlike, for example, the Bitcoin blockchain, since the largest owner of BTC is considered to be its creator Satoshi Nakamoto, whose crypto wallets store no more than 5,6% of created digital assets (up to 1,1 million BTC).

After early 2024 Ripple bought back its shares for almost $300 million, Reuters journalists estimated the company's capitalization at $11 billion. Brad disagrees with this point of view and believes that the company's real capitalization is approximately 10 times higher than this figure, since when calculating it, it is necessary to take into account the assets stored on the balance sheet XRP .

Taking into account the value of the cryptocurrency that belongs to Ripple , then we can come to the conclusion that the organization surpasses MicroStrategy in terms of capitalization, whose assets are estimated at $92,8 billion. MicroStrategy owns Bitcoin worth $45,6 billion at the current exchange rate and continues to increase its BTC reserves by raising funds through the sale of securities and convertible bonds.

Ripple Owns Over $100 Billion in XRP image 1

Moments of Bitcoin purchases by MicroStrategy (indicated by green circles)

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!