Fact Check: Will Ripple Sell $10 Billion Worth of XRP to Buy Circle?
Ripple Labs is allegedly considering buying Circle for billions of dollars. But how will Ripple pay for it without hurting the XRP market? Let’s find out as the experts share their opinions on it.
Recently, Dave Weisberger made an interesting point about Ripple Labs and the Circle offer. Ripple Labs owns about 40% of XRP, which is a huge stash, and it is considering buying Circle for $10 to $20 billion.
But if Ripple uses its XRP holdings to help fund that purchase, it would have to sell a huge amount of XRP, about $10 billion worth, from its own treasury. Dave has raised a question: who would buy all that XRP? Besides, dumping so much XRP in the market could hurt its price.
