Schwartz shared the figures in a recent post on X, confirming that he has gradually reduced his cryptocurrency exposure over time. The disclosure provides a clearer picture of how significantly the longtime Ripple executive has scaled back his holdings across several major digital assets.
"It's not a secret. I think I'm down from a high of around 26 million XRP to around 3 million XRP," Schwartz said.
His XRP reduction is part of a broader shift in his personal cryptocurrency portfolio. Schwartz also revealed that his Bitcoin holdings declined from approximately 1,500 BTC to just 1 BTC. His Ethereum position experienced a similar reduction, falling from around 40,000 ETH to only 6 ETH.
David Schwartz Has Also Reduced Bitcoin and Ethereum Holdings
The figures indicate that Schwartz has sold nearly all of the Bitcoin and Ethereum he previously held, alongside the majority of his XRP. However, he has not disclosed exactly when most of these transactions took place or how much revenue he generated from the sales.
The latest disclosure follows an earlier admission that Schwartz sold approximately 2.5 million XRP during 2025 alone. According to his explanation, most of those tokens had been received in 2020 and 2023.
Schwartz also revealed that his cryptocurrency sales resulted in approximately $1.7 million in capital gains taxes, highlighting the financial implications of liquidating a substantial digital asset portfolio.
Why the Former Ripple CTO Is Selling XRP
Schwartz has repeatedly explained that his decision to reduce cryptocurrency exposure is driven by his relatively low tolerance for financial risk rather than a publicly stated change in his assessment of XRP.
In July, he disclosed that he and his wife had agreed to sell portions of their cryptocurrency holdings whenever new all-time highs were reached. The approach reflects a strategy of gradually realizing gains instead of maintaining their entire exposure during market fluctuations.
He has also described a structured process for managing his XRP sales. According to Schwartz, he prepares a written selling plan with a lawyer at least 30 days before executing a transaction. He has separately acknowledged that he stopped purchasing XRP a long time ago.
Despite reducing his cryptocurrency holdings, Schwartz continues to own a significant amount of Ripple stock. However, he acknowledged that this investment still exposes him to more financial risk than he would ideally prefer.
XRP Community Questions Schwartz Over Price Performance
The disclosure comes amid growing frustration among some XRP holders over the cryptocurrency's recent price performance. Schwartz's selling activity has also attracted attention from community members questioning whether his transactions could have contributed to XRP's market weakness.
Earlier this month, an XRP holder directly questioned whether the former Ripple CTO was partly responsible for the token's downturn. Schwartz responded by emphasizing that his personal transactions probably had very little impact on the cryptocurrency's overall price performance.
While his holdings have declined substantially across XRP, Bitcoin and Ethereum, the latest figures do not establish how much of the reduction occurred during any particular period. The total value realized from his sales also remains undisclosed.
source: u.today
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
