Ripple CEO Brad Garlinghouse has revealed that Ripple holds a staggering $10 billion worth of XRP tokens, significantly boosting the company's net asset value. Despite this, Ripple's current market valuation does not fully reflect this asset advantage. In an interview with YouTube, Garlinghouse emphasized the company's undervalued status on the secondary private market. Garlinghouse also reiterated his stance against an initial public offering (IPO), emphasizing that it would not be a priority for the company at this time.
Ripple's XRP Holdings Soar to $10 Billion: CEO Highlights Company's Undervalued Status
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