This needs to be confirmed, but if so (I believe) this would be the 3rd Ripple Labs buyback in the last 12mos. How many private cos are actively buying back their own stock?

At current XRP ($2.55), the value of XRP to Ripple is something like $110bn...and they are being in shares at an 80% discount ($22bn), ie this is hugely accretive for the company.

This is like an $MSTR in reverse, they are selling/monetizing their XRP (monthly per escrow release) to buyback their own shares for a fraction of NAV.

Hopefully they IPO later this year once Trump is in...