Ripple Initiates a Buyback of Its Own Shares Worth Approximately 120 Billion Yen, Valuing the Company at 8 Trillion Yen

Bullish Financial Strategy Despite Market Downturn

On March 11, Bloomberg reported that Ripple, a blockchain payment company, has begun a buyback of its own shares worth up to $750 million (approximately 120 billion yen), based on a company valuation of $50 billion (8 trillion yen). This information was revealed by several sources familiar with the matter, and the tender offer, targeting existing investors and employees, is scheduled to be conducted until April.

The valuation of $50 billion is significant as it...