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May 24, 2018, 10:34 p.m. EDT

Ashton Kutcher stuns Ellen DeGeneres with $4 million Ripple donation

Cryptocurrency gets publicity boost

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By Mike Murphy


Bloomberg News
Ashton Kutcher has an eye for the next big things in tech.

Actor and tech investor Ashton Kutcher surprised Ellen DeGeneres on Wednesday with a $4 million gift — in cryptocurrency.

The comedian and talk-show host received the donation to her wildlife charity in Ripple’s XRP tokens /zigman2/quotes/108573966/realtime XRPUSD -1.75%   for her 60th birthday, live on “The Ellen DeGeneres Show” on Comcast Corp.’s /zigman2/quotes/209472081/composite CMCSA +0.98%   NBC.

“Usually people come out with the big, giant check and do the big giant check thing,” Kutcher said, noting the donation was on behalf of Ripple. “But . . . all we have to do is push this button and it’s in your account.”

“I’d like to push it,” a shocked and grateful DeGeneres said. “I’d like to push it real good.”

Ripple is the third-largest cryptocurrency, with a market cap of about $24.7 billion, according to Coinmarketcap.com, although its value has dropped about 80% since its high point in January. Ripple’s price slipped 0.7% Thursday, to about 63 cents.

Kutcher is a noted investor who has put seed money in such companies as Airbnb, Uber Technologies Inc. and Spotify /zigman2/quotes/207488629/composite SPOT +2.04%  .

Read: Technology that seems ‘nonsensical’ gets Ashton Kutcher’s money

“We found this company, and we thought it was really, really interesting,” Kutcher said of Ripple. He’s not the only one — San Francisco-based Ripple has partnerships with American Express Co. /zigman2/quotes/203805826/composite AXP +0.85%  , MoneyGram International /zigman2/quotes/208548401/composite MGI +2.22%  , UBS Group /zigman2/quotes/206172872/composite UBS -2.50%   and Banco Santander /zigman2/quotes/202859081/composite SAN +0.55%  , among others.

/zigman2/quotes/108573966/realtime
US : Kraken
0.24
-0.0042 -1.75%
Volume: 1.51M
Sept. 27, 2020 8:03a
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/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 46.15
+0.45 +0.98%
Volume: 12.56M
Sept. 25, 2020 4:00p
P/E Ratio
18.50
Dividend Yield
1.99%
Market Cap
$210.82 billion
Rev. per Employee
$513,625
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/zigman2/quotes/207488629/composite
US : U.S.: NYSE
$ 235.98
+4.72 +2.04%
Volume: 771,138
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$43.52 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 96.26
+0.81 +0.85%
Volume: 2.78M
Sept. 25, 2020 4:02p
P/E Ratio
19.94
Dividend Yield
1.79%
Market Cap
$77.50 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/208548401/composite
US : U.S.: Nasdaq
$ 2.76
+0.06 +2.22%
Volume: 894,917
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$200.03 million
Rev. per Employee
$594,253
loading...
/zigman2/quotes/206172872/composite
US : U.S.: NYSE
$ 10.51
-0.27 -2.50%
Volume: 2.67M
Sept. 25, 2020 4:00p
P/E Ratio
8.52
Dividend Yield
1.73%
Market Cap
$37.37 billion
Rev. per Employee
$703,264
loading...
/zigman2/quotes/202859081/composite
US : U.S.: NYSE
$ 1.83
+0.01 +0.55%
Volume: 7.17M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.51%
Market Cap
$29.91 billion
Rev. per Employee
$442,125
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