Ripple has continued to pour billions of dollars into its  cryptocurrency, XRP, after spending approximately $2.6 billion on it in  the most recent quarter.

The company, which is still engaged in a contentious SEC dispute over  the securities classification of XRP, made somewhat more money by selling XRP over the counter, bringing in more than $2.9 billion in Q1.

Analysis has revealed that 88% of XRP sales revenue generated each quarter was used by Ripple to purchase additional cryptocurrency from  secondary markets.