Thursday, March 28

Ripple Announces $200M Share Buyback, Expresses Optimism For 2022 By Cointelegraph


©Reuters. Ripple announces $200 million share buyback and expresses optimism for 2022

The blockchain payments firm has announced a $200 million Series C share buyback, a move that will take the San Francisco-based tech firm to a record $15 billion valuation.

In December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a UK-based investment firm, acting as lead investor alongside SBI Holdings and Route 66 Ventures.

However, in December 2020, the United States Securities and Exchange Commission issued a $1.3 billion financial lawsuit against Ripple Labs, as well as co-founder Chris Larsen and CEO Brad Garlinghouse, accusing the parties of using the native XRP token as an unlicensed digital asset value.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



es.investing.com