Ripple CEO Brad Garlinghouse stated that with the significant rise in XRP prices and the increased demand for Ripple's blockchain solutions, Ripple's previous valuation of $11 billion is now "severely outdated." In a recent interview, he pointed out that the company holds a large amount of XRP (currently valued at over $100 billion), which is a key factor in changing Ripple's valuation outlook. Garlinghouse also compared Ripple's valuation metrics to MicroStrategy, noting that the latter's trading price is above its asset value, while "Ripple's trading price in the private market has consistently been below its asset value, whereas MicroStrategy's trading price is three times above its net asset value." In early 2024, Ripple repurchased $300 million worth of stock when its valuation was $11 billion. However, Garlinghouse stated that such a valuation is no longer relevant to Ripple's current financial situation due to the rise in XRP prices and institutional adoption. Additionally, Garlinghouse mentioned that the past few months have marked a "turning point" due to the departure of U.S. SEC Chairman Gary Gensler and the opportunity for new regulatory certainty from the government. Regarding the recent shift in the U.S. government's stance on cryptocurrency innovation, he stated, "The tide has turned." He also mentioned that 95% of Ripple's clients are outside the U.S., but he expects interest to return to the U.S. in the coming months. (Coingape)

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