Ripple CEO: The company’s original $11 billion valuation is “seriously outdated”
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2025-01-07 12:02 3,901
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According to Coingape reports on January 7, Ripple CEO Brad Garlinghouse announced that as the price of XRP rises and demand for Ripple’s blockchain solutions grows, the company’s original valuation of $11 billion is “seriously outdated.” In the interview, he mentioned that the value of XRP held by Ripple has exceeded US$100 billion, becoming the key to reshaping the company's valuation prospects. Ripple was last valued at $11 billion in early 2024, when the company bought back $300 million worth of stock.
Garlinghouse noted that compared to cryptocurrency-related companies like MicroStrategy, Ripple trades at a much lower price than its net asset value in private markets. He said: "The value of our XRP holdings has exceeded 100 billion US dollars, while MicroStrategy's trading price is 3 times its net asset value, and Ripple has always been undervalued." In the interview, Garlinghouse reiterated the company's focus on the B2B field, Including banks, payment providers and enterprises, where Ripple provides solutions such as custody and cross-border payments. Garlinghouse also emphasized that its stablecoin RLUSD will leverage XRP rather than replace it, thereby increasing its liquidity and opening up more possibilities for leveraging Ripple’s decentralized exchange (DEX) and automated market maker (AMM) capabilities.
Ripple’s growth has also benefited from changes in the legal environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and the clarity of new government regulations will bring a "turning point" for Ripple. "The wind has changed, and although 95% of customers are outside the United States, I expect interest from the United States to return in the coming months," he said.