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Ripio $100M Crypto Treasury Includes BTC and ETH

CoinDesk
Crypto exchange Ripio revealed a $100 million crypto treasury, making it the second largest in Latin America.

Summary

Latin American cryptocurrency exchange Ripio has disclosed a crypto treasury valued at over $100 million, positioning it as the second-largest publicly known corporate treasury in the region, trailing only OranjeBTC. CEO Sebastian Serrano confirmed the figure, noting that Ripio began acquiring Bitcoin and Ether in 2017 and has managed these holdings using trading and hedging strategies. In addition to its treasury, Ripio has also served as a seed investor for crypto-focused companies like Polygon and ZKSync. For context, OranjeBTC holds the largest treasury with over $335 million in BTC, while Méliuz and Mercado Libre hold smaller amounts.

(Source:CoinDesk)