A newly surfaced SEC (U.S. securities regulator) filing shows Megacorn Fund LP marked its 2,704 Ripple shares at $373,179 on Dec. 31, 2025, up from an original cost of $229,840. The position generated an unrealized gain of about 62.4%, or roughly $143,339, after being acquired on April 16, 2024, and represented about 2.75% of partners' capital. Ripple's year-end value of $138.01 per share followed a $500 million strategic investment at a $40 billion valuation in November 2025, alongside a separate $1 billion tender offer at the same valuation. The filing shows Ripple outperforming most of Megacorn's other fintech holdings, but it does not establish the company's current market value. Ripple equity is ownership in the company and is separate from XRP, the digital asset.