Ripple Is Selling 33% of Its Stake in Moneygram

Ripple will earn nearly $30 million if it sold its 4 million Moneygram shares at current market prices – an almost 50% gain. If exercised, that option would bring Ripple’s total shareholding to 12.2 million shares or about 17% of Moneygram’s shares outstanding.

Excluding those, Ripple will still own 2.24 million shares or 3.1% of Moneygram’s shares outstanding. At a premium price of $4.10 per share at the time of the purchase, the $50 million investment adds up to exactly 12.2 million shares – the total number of shares Ripple holds in Moneygram, inclusive of the additional warrant shares.

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