EddieJayonCrypto
5 May 25
Bitwise President Teddy Fusaro stated that Ripple, with XRP holdings valued at around $93 billion, could potentially acquire many cryptocurrency companies. Ripple recently announced a $1.25 billion acquisition of prime brokerage Hidden Road and reportedly made a $5 billion offer to USDC issuer Circl...
Bitwise President Teddy Fusaro suggests Ripple is poised to become a significant consolidator in the cryptocurrency sector, leveraging its extensive XRP holdings valued at approximately $93 billion to potentially acquire numerous crypto companies.Ripple recently announced the acquisition of prime brokerage Hidden Road for $1.25 billion, marking one of the largest corporate purchases in the industry to date.In addition, Ripple reportedly made a $5 billion acquisition offer to USDC issuer Circle. However, Circle declined the offer as it prepares for its initial public offering (IPO). Rumors further indicate that Ripple might consider spending up to $20 billion to acquire a major rival, underscoring its emerging dominance following a legal victory against the U.S. Securities and Exchange Commission (SEC) and a significant rally in XRP prices.Ripple’s leadership emphasizes the company’s robust financial health, negating any immediate need to go public despite its enormous XRP holdings, which exceed $100 billion. CEO Brad Garlinghouse has stated that prior valuation estimates undervalued the company given its vast digital asset portfolio.Overall, Ripple is positioning itself as a powerful player in the crypto industry, capable of large-scale acquisitions and growth without relying on public markets. This strategic stance highlights broader trends of consolidation and institutional strengthening within the rapidly evolving blockchain ecosystem.