Bloomberg: Ripple's Recent $500 Million Funding Round Includes "Investor Return Protection" Clause

BlockBeats News, December 8th, according to Bloomberg, Ripple set a provision in a recent $500 million stock sale with a valuation reaching $40 billion, allowing investors to sell back shares at a higher price, essentially providing a profit protection mechanism for investors including Citadel.

BlockBeats previously reported that, according to CNBC, digital asset and infrastructure company Ripple stated in early November that it had completed a $500 million financing round, with the company's valuation rising to $40 billion. This round of financing was led by funds managed by the following institutions: Fortress Investment Group-affiliated funds, Citadel Securities-affiliated funds, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.