David Schwartz Says He Sold About 2.5 Million XRP in 2025

David Schwartz, Ripple’s CTO emeritus and an original architect of the XRP Ledger, said he sold approximately 2.5 million XRP during 2025 and paid about $1.7 million in capital-gains taxes on those sales.

Schwartz said he has not bought XRP in a long time. He attributed his broader reduction in digital-asset holdings to discomfort with financial risk.

The disclosures describe transactions made over time, rather than a newly announced sale of all of his remaining XRP. Schwartz said he continues to hold about 3 million XRP.

XRP holdings fell from a reported peak

Schwartz said his XRP holdings had declined from a peak of roughly 26 million XRP to about 3 million XRP. He also said his Bitcoin and Ether holdings had fallen to approximately 1 BTC and 6 ETH, respectively.

His comments concern his personal holdings and do not establish a change in Ripple’s corporate XRP position, XRP Ledger operations, or the token’s market outlook.

Schwartz cites low risk tolerance

According to the disclosures, Schwartz said he has sold nearly all of the digital assets he has held. He characterized the decisions as a response to his own low tolerance for financial risk, not as a newly announced full liquidation of his XRP balance.

He also said he still holds a substantial amount of Ripple stock. That distinction matters because his personal XRP sales and any equity interest in Ripple are separate forms of exposure.

Sales were disclosed as historical activity

The approximately 2.5 million XRP figure refers to sales during 2025, with about $1.7 million in capital-gains taxes associated with those transactions. The available disclosures do not indicate that Schwartz has sold his remaining XRP.

The comments arrive as Ripple-related developments continue to draw attention across payments, tokenization and the XRP Ledger ecosystem. Readers can also review Ripple’s institutional tokenization work on XRPL and recent reporting on the XRPL Batch upgrade reset.

Continue reading: Ripple’s institutional tokenization work on XRPL on BTCNews.

Continue reading: XRPL Batch upgrade reset on BTCNews.

Sources

• Protos: David Schwartz hasn’t bought XRP in a ‘long time,’ sold millions in 2025
• crypto.news: Ripple's David Schwartz says he sold most of his Bitcoin, XRP, Ethereum
• Finbold: Ripple’s David Schwartz sells most of his XRP

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