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Cryptocurrency News Articles
Ripple CEO Brad Garlinghouse Reveals His Cryptocurrency Holdings Besides XRP
Jan 29, 2025 at 03:29 am
Ripple CEO Brad Garlinghouse recently revealed his other cryptocurrency holdings besides XRP. According to his post on Twitter today, he also owns Bitcoin (BTC), Ethereum (ETH), and a “handful of others.”
Ripple CEO Brad Garlinghouse has revealed his other cryptocurrency holdings besides XRP. In his post on X today, he mentioned owning Bitcoin (BTC), Ethereum (ETH), and a “handful of others.”
While the Ripple exec remained tight-lipped about his actual Bitcoin and Ether holdings, his disclosure indicates optimism towards these digital assets. Notably, Ripple and Garlinghouse have refrained from discussing the CEO's XRP holdings.
However, reports suggest that Garlinghouse, a key figure in Ripple's success, became a new billionaire during the token's rally post-2024 US election, which propelled XRP to the top three cryptos by market capitalization.
According to Investopedia, a majority of Garlinghouse's wealth stems from his 6.3% stake in Ripple, coupled with his whale-status XRP holdings, the exact amount of which remains undisclosed. The source estimates his net worth to be around $10 billion, placing him in the mid-50s on Forbes' list of wealthiest Americans.
In comparison, Ripple co-founder and former CEO Chris Larsen's net worth is significantly higher, boasting a 17% stake in Ripple and 5.19 billion XRP, as reported by the financial media website. These vast holdings contribute to his approximately $37.3 billion net worth, potentially securing him the 15th slot among the richest Americans on Forbes.
In the same post where he disclosed his crypto holdings, Garlinghouse explained the rationale behind his diversification, stating that his decision was driven by his belief that "we live in a multichain world."
Moreover, it aligns with his advocacy for a "level-playing field, instead of one token versus another." Throughout his message, Garlinghouse urged the industry to unite at this opportune moment.
The Ripple CEO was clearly alluding to the current scenario where the US is finally being led by a crypto-friendly regime. He expressed his opposition to "maximalism," referring to it as "the enemy of crypto progress" and describing it as "outdated and misinformed thinking."
This contrasts sharply with figures like MicroStrategy's Michael Saylor, who staunchly advocates for a “Bitcoin only” strategic Treasury reserve and criticizes President Donald Trump's hints of adopting other cryptos for the same purpose, like XRP or ETH.
Garlinghouse concluded by emphasizing that the situation will never lead to a "zero-sum game."
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