Set-asides

Fixed XRP gifts

Reserve named quantities first. They are not sized by debt math. Whatever is left after open stages goes to Dividend Investment.

Reserved first

Remainder

Dividend Investment

Leftover after debts and gifts

0

Stack

Holdings125,000
Open stages− 164,472.76
Reserved gifts− 11,500
Dividend remainder0

Open stages use current tax rates, buffer, and any debts rolled forward. Sold stages no longer consume XRP from the remainder.

Short 50,972.76 XRP against open stages and gifts.