Ripple launches a $700 million stock buyback program at $175 per share!!!

Ripple announced a public offer to buy back $700 million worth of shares from shareholders at $175 per share.

Investor Jeremy Raper highlighted this development in an article published on X, sharing the email received from Ripple's CEO, Brad Garlinghouse, regarding the offer. According to this publication, this operation reflects Ripple's financial strength and growth ambitions.

The email indicated that the offer opened on Tuesday, June 10, and would close on Wednesday, July 9. It extends to holders of eligible stock options or acquired shares and will be facilitated via the Nasdaq Private Market.