Former Ripple CTO David Schwartz Says He Sold Nearly All His Crypto

David Schwartz, Ripple’s former chief technology officer, said Nov. 11 that he had sharply reduced his cryptocurrency holdings because he considers his risk tolerance low, leaving about 3 million XRP, 1 Bitcoin (BTC) and 6 Ether (ETH).

Before the reduction, he held about 26 million XRP, 1,500 BTC and 40,000 ETH. Schwartz described the change as selling nearly all his cryptocurrency; the remaining figures show positions in all three assets.

The new figures expand on his earlier disclosure that he sold about 2.5 million XRP during 2025 and paid about $1.7 million in capital-gains tax. That earlier account focused on XRP sales, while the Nov. 11 disclosure also gives balances for Bitcoin and Ether.

Schwartz left Ripple’s CTO role at the end of 2025 after more than 13 years at the company, including seven years as chief technology officer. He led development of core XRP Ledger code.