Crypto company Ripple Labs has initiated a substantial share repurchase, amounting to $285 million, from early employees and investors, according to reliable sources acquainted with the situation. The financial maneuver, commonly referred to as a tender offer, has placed Ripple’s overall valuation at an impressive $11.4 billion.
The privately held entity confirmed that it will set aside $500 million for the all-inclusive buyback, which will include changing restricted stock into shares in addition to paying related taxes. Investors are…
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