David Schwartz Says He Sold 2.5 Million XRP and Paid $1.7 Million in Tax

Ripple CTO emeritus David Schwartz said Monday, Nov. 9, that he sold about 2.5 million XRP during 2025 and paid approximately $1.7 million in capital-gains tax on those sales. He said most of the tokens had come to him in 2020 and 2023. The disclosure gives a sales total for one calendar year, while a separate estimate Schwartz shared in August described his holdings at that time. He then estimated that his XRP holdings had fallen from a peak of about 26 million to about two million. The Nov.