Ripple CEO Clarifies the Amount of XRP on the Company’s Balance Sheet
Date: 2025-02-03 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
In a recent interview published on January 6, Ripple CEO Brad Garlinghouse said the company holds more than $100 billion in XRP, which is about 72% of the total token supply. This statement contradicted Reuters’ estimate, which attributed the company’s market cap to $11 billion. However, official data released on January 31 suggests otherwise.
According to Ripple’s report, the company held 4.49 billion XRP as of December 31, 2024, which is equivalent to $12.8 billion at the current rate. Thus, the company accounted for only 7.78% of the circulating token supply. The price of XRP at the time of the interview was approximately $2.45, which is 16% lower than the current level. As a result, it seems that Garlinghouse has significantly overstated the number of coins owned by the company.
The discrepancy in the figures is likely due to the fact that the CEO's calculations took into account not only the assets on the company's balance sheet, but also tokens locked in an escrow account. These funds are partially released monthly, which increases the total amount of XRP under Ripple's control to 42.49 billion, valued at $121 billion.
Meanwhile, suspicions about Ripple's management have once again arisen in the crypto community. During the debate between BTC and XRP supporters, one of the participants noted that Garlinghouse allegedly sells 10 million XRP every month, spending the money on Porsche cars (ETR:P911_p). Some crypto enthusiasts believe that such actions could be one of the reasons for the weak dynamics of the XRP rate, which began to grow only after Donald Trump won the US elections on November 5.
