Ripple CEO: The company's original valuation of 11 billion dollars is "seriously outdated"

According to Coingape, Ripple CEO Brad Garlinghouse announced that the company's original valuation of $11 billion is "severely outdated" due to the rise in XRP price and growing demand for Ripple's blockchain solutions. In an interview, he mentioned that the value of XRP held by Ripple has exceeded $100 billion, becoming a key factor in reshaping the company's valuation outlook. The last time Ripple was valued at $11 billion was in early 2024 when the company repurchased stocks worth $300 million.

Garlinghouse pointed out that compared with cryptocurrency-related companies like MicroStrategy, Ripple's trading price on private markets is far below its net asset value. He stated: "The value of XRP we hold has exceeded one hundred billion dollars, while MicroStrategy’s trading price is three times its net asset value; yet Ripple continues to be undervalued." During the interview, Garlinghouse reiterated his company’s focus on B2B sectors including banks, payment providers and businesses where it offers custody and cross-border payment solutions. He also emphasized that their stablecoin RLUSD will utilize rather than replace XRP thereby enhancing liquidity and opening up more possibilities for decentralized exchanges (DEX) and automated market makers (AMM) using Ripple.

Ripple's growth also benefits from changes in legal environment. Garlinghouse believes Gary Gensler stepping down as SEC chairman along with clarity from new government regulations represent a “turning point” for Ripple. He said: "The wind has changed direction; although 95% of our customers are outside America I expect interest from US side will return over next few months."