Ripple Labs has bought an enormous chunk of its 2019 funding in MoneyGram. 

Per a Friday evening filing with the Securities and Trade Fee on Friday evening, from Nov. 27 by Dec. 4, Ripple Labs managed to promote 2,264,113 shares of MoneyGram (MGI). The tech agency netted a complete of $15,303,792.60 from the gross sales.

MoneyGram’s stock value has soared in current months, from $2.94 on Oct. 1 to $8.53 on Nov. 23. In no small half because of information of Ripple’s sell-off, MGI has slipped again all the way down to $6.54 as of publication.

Regardless of a flurry of bulletins of increasing integration between the remittances agency and Ripple all through 2019, the connection between the 2 corporations appeared to have settled earlier this 12 months. 

Ripple initially introduced main funding into MoneyGram final June, which led to the latter utilizing the previous’s xRapid expertise to hurry up funds. XRapid makes use of XRP to facilitate liquidity.

Ripple, which nonetheless owns 48 billion XRP, has spent the final a number of years enjoying down its relationship to the token, although current worth surges could also be altering that.