Brad Garlinghouse said Ripple has spent about $3 billion on acquisitions since 2023 to expand institutional reach, while stating XRP remains central to the company’s utility, liquidity, and trust strategy.
Ripple has spent around $3 billion on acquisitions since 2023, according to statements attributed to Ripple chief executive Brad Garlinghouse, who said the deals were intended to expand the company’s institutional footprint and support XRP adoption and utility. Garlinghouse also said Ripple is "most interested" in XRP’s success because the company is the largest XRP holder, and he rejected claims that Ripple is moving away from the token. He said Ripple’s XRP focus remains on utility, liquidity, and trust with global financial institutions, while also emphasizing that he is not an XRP maximalist and supports a multi-chain approach.