Ripple Raises $500 Million at $40 Billion Valuation Following XRP's Historic Surge

Group 1 - Ripple announced a $500 million strategic investment at a valuation of $40 billion, with participation from affiliates of Citadel Securities, Fortress Investment Group, and Brevan Howard [1] - XRP's price was trading at $2.28 per coin, having reached an all-time high of $3.65 in July, driven by regulatory optimism and plans for U.S. spot exchange-traded funds [2] - Ripple's CEO stated that the investment validates the company's growth strategy and reflects confidence in the future of cryptocurrency [3]