Ripple (XRP) CEO Brad Garlinghouse Says the Company Owns More Than $100 Billion Worth of XRP Tokens

Ripple owns more than $100 billion worth of XRP tokens, according to CEO Brad Garlinghouse.

This should be taken into account when determining the company's valuation, he said in a recent interview with Devin Ryan, director of financial technology research at JMP Securities.

"The total value of the XRP we own now exceeds $100 billion," Garlinghouse stated.

This figure is significantly higher than the company's last reported valuation of $11 billion, which was announced in early 2024 following a share buyback of nearly $300 million.

However, Garlinghouse noted that this valuation is "very outdated."

"I think it's safe to assume that the $11 billion is very outdated at this point," he said.

Interestingly, the Ripple boss also commented on MicroStrategy's sky-high premium to NAV, while also stating that he was not "anti-MicroStrategy."

"I'm not anti-MicroStrategy. I wish them massive success," Garlinghouse noted.

Notably, he also highlighted the growing demand for Ripple's custody solutions and the excitement surrounding Ripple USD (RLUSD).

"There's a lot of excitement around RLUSD, and I think there's a lot of demand for custody solutions from financial institutions," Garlinghouse stated.

With the departure of anti-crypto SEC Chair Gensler, Ripple has seen increased demand over the past few weeks, which Garlinghouse described as "a bit exhausting."

"I think the demand for Ripple has increased over the past few weeks, especially with Gensler leaving the SEC. I have to say, it's been a bit exhausting," he noted.

As previously reported by U.Today, the vast majority of Ripple's current job openings are in the U.S., marking a significant shift compared to a year ago.

"We're really excited about the opportunities in the U.S., and we're continuing to hire aggressively," Garlinghouse stated.

"I think we find ourselves in a really good place," he added.