{"id":399447,"date":"2022-01-26T15:51:27","date_gmt":"2022-01-26T12:51:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ripple-announces-200m-share-buyback-and-expresses-optimism-for-2022\/"},"modified":"2022-01-26T15:51:27","modified_gmt":"2022-01-26T12:51:27","slug":"ripple-announces-200m-share-buyback-and-expresses-optimism-for-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ripple-announces-200m-share-buyback-and-expresses-optimism-for-2022\/","title":{"rendered":"# Ripple announces $200M share buyback and expresses optimism for 2022"},"content":{"rendered":"

“# Ripple announces $200M share buyback and expresses optimism for 2022 <\/strong>”
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Blockchain payments firm Ripple has announced a $200-million Series<\/a> C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.<\/p>\n

Back in December 2019, Ripple\u00a0raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside SBI Holdings and Route 66 Ventures.<\/p>\n

However, in December 2020, the United States Securities and Exchange Commission\u00a0issued<\/a> 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\u00a0XRP\u00a0token as an unlicensed digital asset security.<\/p>\n

Intent on disassociating themselves with Ripple amid their high-profile and openly public lawsuit, Tetragon\u00a0sued Ripple in early January 2021 in the Delaware Chancery Court, seeking to enact its contractual obligation of a buyback clause to the value of its undisclosed investment sum.<\/p>\n

However, just three months later in April, the court ruled in favor of Ripple and against the plaintiff, Tetragon, putting an end to the financial dispute.<\/p>\n

In choosing to willingly purchase the shares from Tetragon, SBI Holdings and Route 66 Ventures, it implies that Ripple is seeking to enhance its financial strength, a sentiment that Garlinghouse eluded to in a recent tweet thread.<\/p>\n

\u201cEven with 2021\u2019s headwinds, it was our best year on record,\u201d he stated, revealing that the company\u2019s $1-billion bank balance makes it the \u201cstrongest we\u2019ve ever been.\u201d<\/p>\n

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RippleX – full speed ahead on establishing a multitude of capabilities to the XRP Ledger – NFTs, CBDCs, interoperability bridges, sidechains and so much more \u2013 working hand in hand with devs and partners around the world. It\u2019s a multichain world after all 4\/4<\/p>\n

\u2014 Brad Garlinghouse (@bgarlinghouse) January 26, 2022<\/a><\/p><\/blockquote>\n