In May 2015 Seagate made an investment in Ripple Labs, which created the XRP cryptocurrency. At the time one Ripple or XRP was worth less than a penny vs. the $1.83 it is currently trading. On Monday morning this past week a Seeking Alpha article postulated that Seagate’s investment in Ripple could be worth close to $8 billion or half of the company’s market cap. Investment is worth about $1 billion (at current pricing)In reading through three analysts reports it appears that Seagate’s investment in Ripple is significantly less than what was calculated in the Seeking Alpha article. This in turn is about 7% of Seagate’s market cap.

Source: Forbes January 14, 2018 16:41 UTC