The Daily Hodl
2024-01-12 17:55:07

Ripple Moves To Buy Back $285,000,000 Worth of Shares From Early Investors and Employees: Report

Blockchain-based payments company Ripple reportedly wants to repurchase $285 million worth of company shares from early investors and employees. Citing two sources familiar with the matter, Reuters reports that Ripple Labs is setting aside $500 million for the buyback. The allocation will cover the costs of taxes and converting restricted stock units (RSU), or those The post Ripple Moves To Buy Back $285,000,000 Worth of Shares From Early Investors and Employees: Report appeared first on The Daily Hodl .

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