Ripple Kicks Off Share Buyback at $50 Billion Valuation

Ripple has kicked off a share buyback that would value the company at $50 billion, cementing it as one of the most valuable digital-asset firms at a moment of uncertainty for the cryptocurrency sector.

The company plans to buy back up to $750 million in shares from investors and employees, according to people familiar with the matter, who spoke on condition of anonymity as the information is not public. Ripple plans to run the tender offer through April, the people said.