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Ripple triples valuation to $40bn with $500m strategic raise
Yahoo Finance·2025-11-06 00:12

Ripple, the company that leverages the XRP cryptocurrency, is raising capital for the first time in six years. On Wednesday, the firm announced a 500millionstrategicinvestmentfromaffiliatesofFortressInvestmentGroup,affiliatesofCitadelSecurities,PanteraCapital,GalaxyDigital,BrevanHoward,andMarshallWace.Thedecisiontosellanother500 million strategic investment from affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. The decision to sell another 500 million in new common equity “reflects the strategic value of deepening relationships with financial partners,” Ripple said in a post announcing the ...