Ripple holds 4.56 billion XRP directly
Ripple releases escrowed tokens, progressively unlocking one billion XRP every cycle monthly
Quick overview
- Ripple's XRP holdings increased to 4.56 billion in Q1, up 1.7% from the previous quarter.
- The company controls approximately 37.1 billion XRP in escrow, a decrease of 2.3% from the last quarter.
- Ripple is actively pursuing acquisitions, including Hidden Road and potentially Circle, to enhance its market presence.
- These moves indicate Ripple's strategy to strengthen its position in the digital finance sector.
Live XRP/USD Chart
Ripple directly holds 4.56 billion XRP in the first quarter, a slight 1.7 percent increase from the previous quarter’s holdings of 4.48 billion XRP. Along with its liquid assets, Ripple’s escrow system allows it to control a much larger reserve.
The amount of XRP tokens in escrow is about 37.1 billion, 2.3 percent less than the 38 billion reported at the end of the previous quarter.
Ripple releases escrowed tokens, progressively unlocking one billion XRP every cycle monthly. However, some released tokens are relocked, restricting circulation and possibly lessening market selling pressure.
According to recent remarks made by Bitwise President Teddy Fusaro, Ripple has a sizable XRP reserve that would allow it to buy several cryptocurrency companies. The company’s recent plans and actions are consistent with this statement.
Ripple’s Q1 report confirms the purchase of Hidden Road.
Additionally, it has been reported that Ripple is considering purchasing Circle, the fintech business that issues the USDC stablecoin, one of the most popular dollar-pegged digital currencies.
If completed, the purchase of Circle might greatly increase Ripple’s market share in the stablecoin space and open up new opportunities for product advancement and market expansion.
Ripple’s most recent financial disclosure demonstrates its intention to be a major force in the digital finance industry.
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