PANews reported on March 12 that, according to Bloomberg, Ripple has launched a share buyback program of up to $750 million, valuing the company at approximately $50 billion. The offer, open to both investors and employees, is expected to continue until April.

Last November, Ripple completed a $500 million funding round at a valuation of $40 billion, with investors including Citadel Securities and Fortress Investment Group.