David Schwartz, who served as chief technology officer at Ripple, disclosed details of his personal cryptocurrency transactions and current holdings.
Recent XRP sale and tax payment
Schwartz confirmed that in 2025 he sold approximately 2.5 million XRP, generating around $1.7 million in capital‑gains tax. The XRP sold had been acquired in 2020 and 2023.
Planned sales to avoid insider‑trading concerns
He explained that each XRP sale follows a written plan prepared with an attorney at least 30 days before execution. The plan is intended to prevent any perception that his trades are based on non‑public information about the XRP Ledger.
Current crypto holdings
Schwartz said he has not purchased XRP for a long time and has reduced his overall crypto exposure. His XRP balance has fallen from a historical peak of roughly 26 million to about 3 million tokens. Bitcoin holdings have been cut from roughly 1,500 BTC to a single Bitcoin, and Ethereum holdings from about 40,000 ETH to six ETH.
Ripple stock and investment outlook
Despite trimming his crypto positions, Schwartz continues to own a “quite a bit” of Ripple stock, though he acknowledges the position carries more risk than he prefers. He described his investment approach as conservative, prioritising risk reduction over potential upside.
Market context
At the time of reporting, XRP was trading near $1.05, down about 17 % over the previous week.
