Ripple CTO Confirms Ongoing XRP Sales to Fund Company Operations

Ripple CTO David Schwartz confirms ongoing XRP sales, reinforcing the company's commitment to financial stability.

Fridah Kangai
March 6, 2025
4:10 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple CTO David Schwartz confirms the company will continue selling XRP, prioritizing financial stability over external demands.
Ripple holds a significant XRP reserve, preventing sudden market disruptions while maintaining long-term sustainability.
Schwartz emphasizes that Ripple acts in its best interest, ensuring shareholder value while strategically managing XRP sales.

According to David Schwartz, Ripple’s Chief Technology Officer, the company will continue selling XRP to support its operations. His statement came in response to a discussion on X (formerly Twitter) initiated by Pierre Rochard, who argued that XRP is not a security because Ripple has no obligation to provide utility to holders.

100% correct. IMO, Ripple can, will, and should act in its own interest. You should not expect Ripple to act in your interest to the detriment of its own interest or those of its shareholders.
— David "JoelKatz" Schwartz (@JoelKatz) March 4, 2025

Ripple’s Financial Strategy and XRP Holdings

Schwartz agreed with Rochard’s assertion and emphasized that Ripple acts in its best interests. He stated that users should not expect Ripple to make decisions that benefit them if those actions compromise the company’s financial health or shareholder interests.

Ripple must ensure financial sustainability as a company with investors. Selling XRP is part of its long-term strategy. Schwartz pointed out that Ripple holds a large amount of XRP, which it cannot quickly monetize. This prevents sudden market disruptions caused by rapid liquidation.

Ripple has been active in crypto for 14 years, proving it is not a short-lived project. Schwartz highlighted this to reinforce confidence in the company’s stability. While some community members push for changes, Ripple remains focused on profitability and competition. The company will not jeopardize shareholder value to meet external demands.

Comparing Ripple’s Role to Market Expectations

Schwartz compared Ripple to an artist with early works in the market. While investors may hope for promotions that increase value, the artist has no obligation to do so. Similarly, Ripple manages XRP sales strategically to maintain market stability. It does not cater to individual investors’ expectations at the expense of its financial strategy.

Ripple will not make decisions based on community sentiment if they contradict corporate interests. The ongoing XRP sales reinforce Ripple’s commitment to financial stability. By managing its holdings wisely, Ripple remains a key player in the evolving crypto landscape.

Also Read: Riot Platforms VP Pierre Rochard Asserts That XRP Does Not Qualify as a Security