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Ripple Labs initiated a $285 million share buyback, valuing the company at $11.3 billion, amid regulatory uncertainties. On Jan. 10, Ripple Labs, a cryptocurrency company famous for XRP, announced a buyback of $285 million in company shares from early investors and employees, valuing the firm at $11.3 billion. The tender offer allows investors to sell up to 6% of their stake . Confirming the buyback, Ripple disclosed plans to allocate $500 million for the repurchase , covering the conversion of restricted stock units into shares and associated taxes. Ripple to buy back $285 million of its shares, valuing company at $11 bln – sources https://t.co/qK0NXKYRLt pic.twitter.com/maaeoF0TXN — Reuters (@Reuters) January 10, 2024 You might also like: Talk of spot ETF lifts XRP, whales tracking ETH, INJ, and ROE Ripple aims to conduct regular share buybacks to enhance liquidity for investors and has no immediate plans to go public in the U.S., citing regulatory unce...

Coinbase has amended its tender offer for 3.625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023. Coinbase Global, Inc., the world’s second-largest cryptocurrency exchange, announced updates to its Tender Offer for 3.625% Senior Notes due 2031. The company has increased the maximum aggregate purchase price of the notes from $150 million to $180 million and extended the expiration date from Sept. 1, 2023, to Sept. 18, 2023. Payments for accepted notes will be made on Sept. 6, 2023. In an attempt to garner more participation, Coinbase has also adjusted the tender offer’s terms. Holders who have validly tendered their notes after 5:00 p.m., New York City time, on Aug. 18, 2023, but before 11:59 p.m., New York City time, on Sept. 1, 2023, will be eligible for the total consideration which amounts to $675 per $1,000 principal amount of the notes. Accrued and unpaid interest will be paid until the ...