**Ripple’s XRP Assets Spark Debate Over Strategic Direction**
Ripple is potentially evolving from a company focused on payment solutions to a pivotal player in the digital currency space, holding XRP as a key asset. Hunter Horsley, CEO of Bitwise, hinted that Ripple might soon be recognized not just as a tech firm but as an “XRP treasury company,” given its increasing stake in XRP and the broader corporate interest in the digital asset. This shift is underscored by Ripple’s control of a significant portion of XRP’s total supply, about 42%, primarily through monthly escrow releases, according to its Q1 2025 XRP Markets Report.
Ripple’s CEO, Brad Garlinghouse, has raised questions about the company’s valuation, suggesting that its substantial XRP holdings, estimated at around $100 billion, are not fully accounted for in the current $11 billion valuation. This discussion emerges as other corporations, like Trident Digital Tech Holdings and Webus International, actively explore strategies to incorporate XRP into their treasury operations, aiming for hundreds of millions in XRP.
Beyond its XRP interests, Ripple is also making strides in the stablecoin market with RLUSD, which has amassed a market cap exceeding $500 million. The company recently partnered with Bank of New York Mellon, the nation’s oldest bank, to provide custody services for RLUSD, marking a significant step in blending traditional financial practices with modern digital asset management.
“I wonder if in 12 months, people will call Ripple an XRP treasury company.” – Hunter Horsley.
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