Linqto Sells $130M in Ripple Equity to Four Institutions
A U.S. Bankruptcy Court has approved Linqtos sale of approximately $130M worth of Ripple Labs common shares to four institutional buyers, with Galaxy Digital anchoring the transaction at $60M, followed by Arrington Capital at $50M, the Private Shares Fund at $16M, and GAM Alternatives Lux at $4M, proceeds directed to the Chapter 11 Wind-Down Trust supporting customer recoveries. This is not simply a distressed-asset liquidation. It is a structured demonstration that institutional demand for Ripple‘s private-market equity holds across a wide pricing band, even as the company’s bankruptcy estate moves to unwind a platform that once served retail investors seeking pre-IPO access. This Ripple news drop came as XRP surged nearly +4% overnight, trading at $1.13 and clearing the $1.10 resistance. Daily trading volume has also increased day-on-day, and is sitting at $1.29Bn. Ripple Equity Sale: Buyer Allocations, Pricing, and the ROFR Waiver The four concurrent transactions carry materially different per-share prices: Galaxy Digital acquired shares in its $60M allocation, while Arrington Capital paid $50M, and both the Private Shares Fund and GAM Alternatives Lux paid $16M and $4M, respectively. Galaxys block is the largest of the four by both share count and gross proceeds, per the asset purchase agreement summary reviewed by Bondoro. Ripple