Cryptocurrency company Ripple Labs will buy back a portion of their own shares. Those close to the matter have claimed that the company will buy as much as $285 million worth of shares.

(Reuters) - Cryptocurrency company Ripple Labs ... spend $500 million in the planned buyback to cover the costs of converting restricted stock units into shares and taxes. It expects to do ...

Typically, tech companies repurchase shares to return cash to shareholders ... However, this year brought a ripple of dividends to mega-cap tech. Earlier in 2024, both Meta Platforms (META ...