Former Ripple CTO David Schwartz Reveals Selling Most…
By Karthik Subramanian
AI summary of the source article
Former Ripple CTO David Schwartz disclosed selling the majority of his cryptocurrency holdings over several years due to personal risk aversion. His XRP holdings fell by roughly 88.5% to 3 million tokens, alongside steep reductions in Bitcoin and Ethereum.
Why it matters
The disclosures illustrate how cryptocurrency founders and senior executives may manage personal financial exposure differently from investors, even while retaining professional and financial connections to the underlying technology.
Key facts
- David Schwartz reduced his XRP holdings from approximately 26 million to 3 million tokens, his Bitcoin from 1,500 BTC to one, and his Ethereum from 40,000 ETH to six.
- During 2025, Schwartz sold about 2.5 million XRP, generating approximately $1.7 million in capital gains taxes.
- The transactions were conducted under written trading plans established with an attorney at least 30 days prior to reduce insider information concerns.
Source excerpt · FinanceFeeds
Former Ripple Chief Technology Officer David Schwartz has disclosed that he sold the overwhelming majority of his cryptocurrency holdings over several years, significantly reducing his exposure to XRP, Bitcoin and Ethereum because of his personal aversion to financial risk. In a series of posts on X between November 9 and 10, 2026, Schwartz revealed that his XRP holdings had declined from approxim…