Quick accounting: - Ripple spent around $4 billion on acquisitions of fintechs - let's say fair value remains $4 billion - Ripple owns 35 billion XRP, worth $80 billion - Ripple has been selling XRP each month for years and likely has $10 billion in cash on their balance sheet or more Adding it up, their valuation should be at minimum $94 billion on paper Given the value of their cash + owned companies is $14 billion, the mark-to-market value of their 35 billion XRP according to investors is $26 billion, and this is being quite generous assuming the value of their hard assets/equity has some premium Approx $0.74 per XRP ???