The popular blockchain technology company, Ripple, has recently purchased Bitstamp shares. This was revealed after Galaxy Digital revealed its quarterly report.
The acquisition involved shares previously owned by an American investment firm, Pantera Capital, specializing in digital assets and asset-focused companies.
Ripple Commits To Network Expansion Amid Issues
Despite facing a long-standing legal battle with the US Securities and Exchange Commission (SEC), Ripple remains committed to its growth objectives.
Ripple’s CEO, Brad Garlinghouse, once noted that the company possesses approximately $1 billion in reserves, which it can use for expansion initiatives.
The recent acquisition of Bitstamp shares aligns with the firm’s ongoing efforts to pursue growth opportunities in the ever-evolving digital asset landscape.
Notably, the President and CIO of Galaxy Digital, Christopher Ferraro, mentioned…
