Ripple's David Schwartz Significantly Reduces XRP, Bitcoin, and Ethereum Holdings
David Schwartz, former Chief Technology Officer of Ripple, has dramatically reduced his cryptocurrency portfolio, including XRP, Bitcoin, and Ethereum. He sold 23 million XRP, 1,499 BTC, and 39,994 ETH as part of a personal risk management strategy guided by a formal written sales plan.
David Schwartz reduced his XRP holdings from 26 million to 3 million (88% decrease).
He sold almost all of his Bitcoin (from 1,500 to 1 BTC) and Ethereum (from 40,000 to 6 ETH) holdings.
Sales were part of a personal risk management strategy, guided by a formal plan.
Most XRP sales in 2025 resulted in $1.7 million in capital gains tax.
Story
David Schwartz, the former Chief Technology Officer of Ripple, has disclosed that he has significantly reduced his cryptocurrency portfolio over the years. He sold nearly all of his substantial holdings in XRP, Bitcoin, and Ethereum. He reduced his XRP holdings from approximately 26 million to about 3 million, an 88% decrease. He also decreased his Bitcoin holdings from 1,500 BTC to 1 BTC and Ethereum assets from roughly 40,000 ETH to 6 ETH. The majority of his recent XRP sales occurred in 2025, totaling around 2.5 million XRP, which resulted in approximately $1.7 million in capital gains tax. Schwartz stated that these sales were part of a long-term personal decision to minimize exposure to crypto market risks and that he operates under a formal written sales plan. His actions reflect a personal risk-averse strategy rather than a bearish outlook on the underlying technology. He continues to hold Ripple stock, suggesting a calculated approach to managing personal wealth in a volatile market.
Issue context
In this issue, the crypto market is influenced by macroeconomic factors and specific corporate developments. Bitcoin faced selling pressure following the release of higher-than-expected US inflation data, which reinforced expectations of a more restrictive Federal Reserve monetary policy. Concurrently, Bitmine Immersion Technologies reported a substantial annual loss exceeding $6.3 billion, primarily driven by the decline in Ether's price. These events underscore the crypto market's ongoing sensitivity to external economic signals and the volatility of digital assets. Reactions range from strategic portfolio reductions by prominent figures to the cessation of operations by smaller platforms, highlighting the necessity for careful risk assessment among all market participants.
Current market movements indicate that macroeconomic data and the financial health of major players remain significant influencing factors. Note that even prominent figures strategically reduce their crypto holdings to manage risk. Your own risk tolerance and a clear strategy are crucial in this volatile environment.
Market pulse
BTC
$74.8K
+1.15% 24h / -2.62% 7d
ETH
$2.1K
+1.57% 24h / -5.81% 7d
Fear & Greed
32
Fear
BTC Funding
+0.0081%
20 perp markets · Open Interest $38.6B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.