Ripple Labs is leading an initiative to raise $1 billion for a new digital asset treasury primarily aimed at accumulating XRP, according to reports from Bloomberg. The funds will be raised through a Special Purpose Acquisition Company (SPAC), a structure that allows Ripple to bypass traditional fundraising hurdles and quickly inject capital into the XRP ecosystem. Ripple will also contribute part of its own XRP holdings to the treasury, which could cement its position as the largest institutional holder of the token.
The move signals renewed institutional confidence in XRP, especially as Ripple's legal battles with the SEC near resolution and global regulatory clarity improves. This strategic timing could have a bullish impact on XRP's price, liquidity, and market perception, potentially reducing volatility and supporting long-term growth. Additionally, Ripple recently acquired treasury management software provider GTreasury for $1 billion, enhancing its ability to manage digital assets and bridge traditional finance with blockchain infrastructure.
As of July, Ripple held approximately 4.74 billion XRP valued near $11 billion, with another 35.9 billion coins locked in on-ledger escrow. If successful, this treasury could make XRP one of the first altcoins to achieve meaningful corporate treasury adoption, challenging Bitcoin's dominance in this space and inspiring similar initiatives across the crypto industry.
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