Business
Ripple Bought $46 Million Worth of XRP in Q3, 2020 – Decrypt
Ripple is buying XRP on the market, despite owning a significant portion of the coin’s total supply.
In brief
- Ripple has bought close to $46 million of XRP in Q3 of 2020.
- Ripple had previously said it was in the business of purchasing XRP.
- Ripple claimed the purchase was designed to support healthy markets.
Ripple, the company that focuses on the cryptocurrency XRP, bought just under $50 million worth of it during Q3 of this year, it announced yesterday. Thats despite owning a huge supplynearly half of the entire XRP supplyin its own escrow accounts, to be sold to other companies.
As an XRP holder,…
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