The source is familiar with the investors looking to liquidate their equity in the company. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019."Ī source that wishes to remain anonymous tells the BTC Times that at least two investors in Ripple, one being an "early-stage" investor, are looking to exit their positions below December's valuation. “We are in a strong financial position to execute against our vision. In an announcement regarding the Series C round, Brad Garlinghouse, chief executive of the company, restated Ripple's position and vision: And the ASIC manufacturer Bitmain was reported by Chinese media in 2019 to have been valued in excess of $15 billion. Coinbase, by comparison, was valued by investors at $8 billion when its last funding round took place in late 2018. ![]() Ripple became one of the most valuable cryptocurrency companies in December 2019 when Fortune reported it raised $200 million at a $10 billion valuation. Ripple Isn't Worth $10 Billion in the Eyes of Some of Its Investors This comes despite a 50% increase in the market price of the cryptocurrency XRP - one of Ripple's major holdings. Garnering support from investors such as SBI Holdings and Tetragon, the financial technology firm purportedly secured funding at a valuation of $10 billion.Ī source now tells the BTC Times that two investors in Ripple are attempting to privately offload equity at a steep discount to the aforementioned valuation. ![]() In December, Ripple announced it had completed a $200 million Series C funding round.
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