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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 $500 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 ...