Head of the cryptocurrency issuer XRP ( XRP ) companies Ripple Brad Garlinghouse has revealed the truth about the amount of digital assets on the company's balance sheet.
In an interview published on January 6, Garlinghouse said that Ripple stores XRP worth over $100 billion, which at that time was about 72% of the issued tokens. Thus, Brad refuted the report of Reuters journalists who estimated the level of capitalization Ripple $11 billion. In fact, according to Garlinghouse, this figure has exceeded $100 billion.
However, from the report Ripple , presented on January 31, should , that as of December 31, 2024, the company owned only 4,49 billion XRP worth $12,8 billion at the current exchange rate. That is, the company accounted for 7,78% of the circulating supply of coins. When Garlinghouse gave the interview, XRP was worth about 16% less at about $2,45, which means that Brad seemed to have overstated the amount of cryptocurrency that was in the company's wallet by nine times.
However, the discrepancy in the figures can be explained by the fact that Garlinghouse took into account not only the coins on the balance sheet Ripple , but also stored in a blocked escrow account, from which part of the tokens are withdrawn monthly. Taking these into account XRP total amount of digital assets on balance Ripple amounts to 42,49 billion, worth $121 billion.
At the same time, the directors Ripple suspected in the dump XRP for personal gain. During the dispute between Bitcoiners and supporters XRP One of the BTC supporters noted that Brad sells 10 million every month XRP , to buy a new Porsche. The company's management explained the stagnation of the exchange rate with such behavior XRP , which only began to grow after Donald Trump's victory in the US presidential election on November 5.
