Altcoins News

Story: Ripple CEO Brad Garlinghouse Slams Strategy’s Preferred-Stock Model as STRC Hits…

By Pankaj K

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What happened. Brad Garlinghouse, Ripple's CEO, went after Michael Saylor's Strategy pretty hard this week.

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The historical context. Tensions like this aren't new in crypto. The space has always had a habit of turning financial…

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Why it matters. The timing here is deliberate. Garlinghouse isn't randomly criticizing Strategy — he's making a…

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What to watch. Strategy's STRC stock performance over the next quarter matters a lot here.

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Tensions like this aren't new in crypto. The space has always had a habit of turning financial strategy debates into full-blown public fights.

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Then came 2022. The FTX collapse burned a lot of people who'd assumed aggressive financial structures were fine as long as the numbers kept going up. They didn't keep going up.

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That positioning could actually matter in regulatory circles. Regulators in the U.S. and elsewhere have been increasingly wary of overleveraged structures in crypto.

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For XRP holders, the argument is straightforward: Garlinghouse thinks Bitcoin-adjacent strategies built on preferred stock are fragile. XRP, in his framing, isn't built that way.

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See also: XRP Drops Market Share as Ripples 4th-Ranked Token Fights Crypto Correction

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Strategy's STRC stock performance over the next quarter matters a lot here. A continued decline would give Garlinghouse's critique more weight than any press statement could.

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XRP's market cap growth rate is worth tracking too. If it outpaces Bitcoin's by more than 10% this year, that's a signal Ripple's positioning is gaining real traction — not just…

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And watch whether other crypto firms start adopting or ditching preferred-stock models. Significant uptake would mean the industry sees Saylor's approach as innovative.

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More context: Kalshi Bets on Bitcoin to Anchor Its 4-Asset U.S. Perpetual Futures Push

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The broader philosophical split here isn't really about Ripple versus Strategy. It's about two different theories of how crypto companies should grow.

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That tension probably won't resolve cleanly. Crypto has always had room for both approaches, and markets have rewarded both at different times.

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