Ripple's Investment in MoneyGram

[Hamzaal24]

Ripple recently released $200M+ in XRP tokens. Moments like these are a good time to dwell on how effectively Ripple spends its free funds.

Case in point: Ripple's MoneyGram Acquisition.

Ripple purchased a 15% stake in MoneyGram for $50M. Today, that stake is worth less than $20M. However, the interesting thing is that this deal was unprofitable from day 1. Ripple purchased MoneyGram shares at a $333M valuation when the company's market cap was not even $100M. 

By buying shares off the market, Ripple's $50M investment would’ve given it a controlling equity stake (50%+) in MoneyGram rather than just 15%.