Ripple Raises $500 Million at a $40 Billion Valuation

Ripple, a U.S.-based cryptocurrency-related company, announced on the 5th that it has carried out a strategic investment of $500 million (approximately 77 billion yen), led by Fortress Investment Group and Citadel Securities. The valuation was set at $40 billion (approximately 6.1 trillion yen), with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

This investment follows Ripple's previous buyback of its own shares worth $1 billion at the same valuation, demonstrating confidence in the company's growth strategy. In recent years, Ripple has repurchased over 25% of its issued shares, returning value to employees and early investors...