Ripple’s $6 Billion Offer: A Joke, Apparently

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Are You Ready for an Unbelievable Story About Billion-Dollar Jokes? 🎉💸

David Schwartz, the CTO of Ripple and part-time expert in cryptic humor, casually mentioned that his social media blast about Ripple throwing a staggering $6 billion at Circle was just your average, run-of-the-mill joke. Because when you’re dealing with multi-billion dollar offers, why not add a sprinkle of humor? 😂

“I meant it as a joke but deleted it because I was afraid some might take it seriously,” Schwartz explained, possibly while chuckling into his coffee. Or maybe crying into it — hard to tell with these crypto people. ☕️

Back in late April, Bloomberg reported that Circle had politely declined Ripple’s generous offer of $5 billion — perhaps because they prefer their offers less like carnival games and more like actual business deals. Meanwhile, Fortune whispers that Coinbase was busy fighting for the same prize, probably with a splashy handshake or perhaps just a lot of zeros. 🤝

Rumors, speculation, and wild guesses swirl faster than a tornado in a trailer park—some claiming Ripple was willing to splash out as much as $20 billion on the USDC to turn it into the pet project of every crypto enthusiast’s daydream. Rumor has it that Ripple’s wallet was a bottomless pit, but Garlinghouse, the man with the charisma of a wonky vending machine, insists, “We definitely never offered $20 billion to Circle.” Probably because they wouldn’t fit in the vault. 😂

Circle’s IPO: The Blockbuster Event of the Year 🚀

Meanwhile, over at Circle, who’s busy preparing for an IPO—because nothing says “stable” like a corporation planning to list itself as a publicly traded beacon of stability—they’ve already decided to shut down any further acquisition chatter. Probably because they want to keep all their options open, or perhaps because they are just tired of playing nice.

And get this—Circle’s IPO is over 25 times oversubscribed! That’s what we call demand, folks, or maybe just the crypto community’s way of saying, “Take our money, it’s all we have left.” Their valuation? A healthy $7.2 billion—more zeros than most people have in their entire bank account.

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2025-06-05 09:00