• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
XRP

XRP Tokens Vs. Ripple Shares: CTO David Schwartz Reveals His Choice

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple CTO David Schwartz disclosed he went for Ripple shares instead of XRP tokens in a recent social media post. The CTO of the payments technology company made this known in a discussion regarding Ripple’s XRP holdings on social media platform X. However, according to him, he is yet to determine if he made the right choice at the time. 

Ripple’s CTO Preference For Ripple Shares

Related Reading: Cathie Wood Doubles Down: Bitcoin Is King Of Security

Although his exact holdings weren’t disclosed, Ripple CTO David Schwartz mentioned that he did go for Ripple’s shares as against XRP when was given the choice. However, Schwartz noted that the XRP choice would certainly be more liquid right now, insinuating a better chance of taking profit on XRP tokens than Ripple shares. 

Yes. The jury is still out on whether that was a good decision. The XRP certainly would have been more liquid.

— David “JoelKatz” Schwartz (@JoelKatz) January 8, 2024

Ripple Labs, known for its XRP cryptocurrency, has grown in value in recent years, especially now that it is making headway in its ongoing lawsuit with the SEC. Ripple Labs is currently worth $11.3 billion after recently completing a buyback of $285 million worth of shares from its early investors. 

The revelation was made known in a discussion on social media regarding how Ripple is managing its XRP holdings. As the cryptocurrency’s creator, Ripple Labs currently holds around 46.55 billion XRP tokens, although 41.3 billion tokens are currently locked in escrow with a system in place that allows for the monthly release of 1 billion tokens and the relocking of 800 million tokens. 

This major stake has sparked various concerns about XRP’s centralization by Ripple over the years. Aside from those locked in escrow, Ripple also has 5 billion XRP tokens which it periodically sells. Concerns have been voiced over the potential adverse effect that massive sales like this could have on the market price of XRP. 

XRP is currently trading at $0.5530. Chart: TradingView.com

$142 Million In XRP Sold

Ripple sold 238 million XRP tokens worth $142 million in December 2023, igniting the discussion in question among XRP enthusiasts on social media. A user known as “GPD.Burn the Escrow!” raised a question about the possibility of burning the escrow. In his reply, Schwartz said that this seems highly improbable at the moment since burning the escrow wouldn’t have any benefits.

I can’t think of any set of events that would lead that to happen that’s even remotely probable. I also don’t think it would have any real benefits.

— David “JoelKatz” Schwartz (@JoelKatz) January 8, 2024

Related Reading: Bitcoin Proponent Sees ‘Centralized Garbage’ XRP Crashing To $0.01 – Will It?

The CTO also mentioned that Ripple’s original plan was to reduce its XRP holdings as quickly as it could. The original plan was to use giveaways but this method proved ineffective as XRP started to have a market price. Other methods also proved ineffective, with them being more or less no different from selling XRP.

According to Schwartz, the company has two major options right now, which would be to either continue to hold on to its XRP holdings or sell them.

Featured image from Pexels

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

XRP

XRP Eyes $2.60 As Price Action Teases Breakout Above Critical Resistance

2 months ago
XRP

XRP Builds Pressure Below $3 As RSI Breakdown Signals Imminent Move – Analyst

2 months ago
XRP Holders Exhausted? Analyst Weighs In After Trump Sparks Market ‘Bloodbath’

XRP Holders Exhausted? Analyst Weighs In After Trump Sparks Market ‘Bloodbath’

5 months ago
XRP

XRP Active Addresses Soar 620% As Price Volatility Continues

6 months ago
XRP

XRP Set For A Massive 1,000% Surge? Elliott Wave Theory Explains

6 months ago
Bitcoin

Why Bitcoin Purists Can’t Stand XRP: Ripple CTO Spills The Beans

7 months ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    16 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    16 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    20 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    2 days ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.