Key Takeaways:
- Ripple’s $4B–$5B bid to acquire Circle was rejected as too low, with no plans for a revised offer.
- The bid followed Circle’s IPO filing and came amid Ripple’s $1.2B acquisition of brokerage firm Hidden Road.
- Ripple is nearing resolution with the SEC, reducing its liability from $125M to $50M after a dropped appeal.
Ripple reportedly made a $4 billion to $5 billion offer to acquire stablecoin issuer Circle, but the bid was rejected as too low.
The offer came shortly after Circle filed for an IPO in the United States.
🚨 Circle Rejected Ripple Takeover Bid of $4-5B https://t.co/6VPRVN5hZx pic.twitter.com/mP3Ff6EEKU
— matthew sigel, recovering CFA (@matthew_sigel) April 30, 2025
There are currently no plans for a revised bid from Ripple.
Ripple, which had a 2024 valuation of $11 billion (an estimate CEO Brad Garlinghouse called “outdated”), recently acquired prime brokerage firm Hidden Road for $1.2 billion.
This move is aimed at supporting growth of XRP and the XRP Ledger.
The company is also working to resolve legal issues with U.S. regulators.
In August 2024, Ripple was found liable for $125 million in an ongoing SEC case from 2020.
However, by March, Garlinghouse revealed the SEC planned to drop its appeal, and Ripple agreed to a reduced $50 million settlement.
These developments followed high-profile meetings between Garlinghouse, Ripple’s chief legal officer Stuart Alderoty, and President Donald Trump.
Ripple had contributed $5 million to Trump’s inauguration fund, with both executives attending events on January 20 as official guests.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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