Ripple Equity Sale

In a separate transaction, the U.S. Bankruptcy Court approved the sale of roughly $130 million of Ripple Labs common shares to four institutional buyers. Galaxy Digital led the block with a $60 million allocation, the largest share count and gross proceeds among the buyers. Ripple waived its right of first refusal for Galaxy’s block, allowing the transaction to close without co‑sale adjustments. The sale underscores sustained institutional demand for Ripple’s private‑market equity, even as the bankruptcy estate liquidates assets. Proceeds from the sale flow to the Chapter 11 Wind‑Down Trust to support customer recoveries. Ripple is targeting a $1 billion revenue run rate in 2026, and the transaction suggests the private‑market valuation floor is holding under bankruptcy‑sale conditions.