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CoinGape
2024-01-11 02:44:22

Ripple Labs to Buy Back $285M Stake in Major Shareholder Move

Ripple Labs to Buy Back $285M Stake in Major Shareholder Move

Ripple Labs Inc. has announced its plans to repurchase a $285 million stake from its early investors and employees. This initiative is part of a broader $500 million strategy, which includes the cost of converting restricted stock units into common shares, as reported by Reuters. Ripple’s Strategic Buyback Approach Ripple’s decision to buy back shares The post Ripple Labs to Buy Back $285M Stake in Major Shareholder Move appeared first on CoinGape .

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