Ripple $1B SPAC Raise Targets XRP Holdings Expansion

Ripple Labs leads a $1 billion fundraise to accumulate XRP.

Ripple Labs is spearheading a $1 billion fundraising effort through a Special Purpose Acquisition Company to create a digital asset treasury for XRP. The company will contribute part of its own XRP holdings. The deal's terms are still being finalized.

Focus on XRP Supply Stability

The treasury aims to amass XRP to support institutional payments and custody services. Ripple currently holds 4.7 billion XRP, valued at $11 billion, with 35.9 billion in escrow. XRP's market cap is $138 billion.

Navigating a Shaky Market

The initiative comes amid market turbulence, with $19 billion in crypto liquidations triggered by recent U.S.-China trade tensions. Bitcoin dropped 3% on Thursday, and altcoins fell further. XRP remains up 6% year-to-date.

Part of Ripple’s Broader Strategy

On October 16, Ripple acquired GTreasury for $1 billion to bolster corporate treasury software. This fundraise strengthens Ripple’s push to integrate blockchain with enterprise financial systems.