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MARKET: Ripple has launched a share buyback program for up to $750 million, which, according to Bloomberg, would value the company at around $50 billion.
The move comes just months after a funding round that valued the company at $40 billion, amid a weakened crypto market.
Ripple plans to repurchase up to $750 million worth of shares from investors and employees.
The transaction would value the company at approximately $50 billion.