Ripple's $500 million stock sale reportedly includes a "profit-protecting" put option.

The agreement includes a protection clause: investors can sell back their XRP within 3-4 years at an annualized return of 10%; if Ripple chooses to repurchase, the annualized return is 25%. A liquidation preference is also provided. XRP has fallen approximately 16% since October 31st, and is down more than 40% from its July high; as of Sunday, Ripple's XRP holdings were valued at approximately $83.3 billion, higher than the valuation in this funding round. Ripple stated that it has no IPO timetable.