- Ripple reportedly offered $4–5 billion to acquire Circle, but the offer was rejected.
- Circle turned down the deal, citing undervaluation as it gears up for a public listing.
- Ripple is on a buying spree, recently acquiring Hidden Road for $1.25 billion instead.
In a bold move that could’ve shaken up the stablecoin space, Ripple reportedly made an offer to acquire rival Circle — somewhere in the ballpark of $4 to $5 billion. But Circle wasn’t having it.
According to sources close to the talks, Circle rejected the offer, arguing it didn’t reflect the company’s true value — especially with an IPO in the pipeline. The San Francisco-based firm is one of Ripple’s main competitors in the stablecoin race, and it’s clearly not looking to bow out anytime soon.
Ripple’s Buying Spree (But No IPO Plans)
The reported offer lines up with Ripple’s current game plan. The company’s president, Monica Long, recently said that Ripple isn’t looking to go public right now. Instead, she emphasized that Ripple is in an “acquisitive” position — and yeah, they’re putting their money where their mouth is.
Earlier this month, Ripple announced a $1.25 billion acquisition of Hidden Road, a prime brokerage. That deal alone ranks as one of the biggest crypto acquisitions in recent history.
Circle’s Got Bigger Plans
Circle, meanwhile, seems laser-focused on its upcoming IPO — and probably isn’t looking to cash out just yet, especially not for what it sees as a lowball offer. With stablecoins heating up across the financial world, it’s not surprising they think their valuation should be higher.
For now, Ripple’s offer is off the table. But if this signals anything, it’s that crypto’s corporate chessboard is still very much in play — and the next big move could be right around the corner.
