Ripple to buy back $285 million of its shares, valuing company at $11 billion

Ripple to buy back $285 million of its shares, valuing company at $11 billion

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Cryptocurrency company Ripple Labs, known for its XRP coins, is buying back $285 million worth of shares in the company from early investors and employees, two sources familiar with the matter told Reuters. The investment, also known as a tender offer, valued the company at $11.3 billion.…

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