Ripple CEO: The company’s original $11 billion valuation is “seriously outdated”

PANews reported on January 7 that according to Coingape, Ripple CEO Brad Garlinghouse announced that with the rise in XRP prices and the growing demand for Ripple’s blockchain solutions, the company’s original $11 billion valuation is “seriously outdated.” In the interview, he mentioned that the value of XRP held by Ripple has exceeded US$100 billion, becoming the key to reshaping the company's valuation prospects. Ripple was last valued at $11 billion in early 2024, when the company bought back $300 million worth of stock.

Garlinghouse pointed out that compared to cryptocurrency-related companies such as MicroStrategy, Ripple trades at a much lower price than its net asset value in private markets. He said: "The value of our XRP holdings has exceeded 100 billion US dollars, while MicroStrategy's trading price is 3 times its net asset value, and Ripple has always been undervalued." In the interview, Garlinghouse reiterated that the company is focused on the B2B field, Including banks, payment providers and enterprises, Ripple provides solutions such as custody and cross-border payments in these areas. Garlinghouse also emphasized that its stablecoin RLUSD will leverage XRP rather than replace it, increasing its liquidity and opening up more possibilities for leveraging Ripple’s decentralized exchange (DEX) and automated market maker (AMM) capabilities.

Ripple's growth has also benefited from changes in the legal environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and the clarity of new government regulations have brought a "turning point" for Ripple. "The wind has changed, and although 95% of customers are outside the United States, I expect U.S. interest to return in the coming months," he said.