Ripple Labs Plans $1 Billion Fundraise for XRP Treasury
Ripple Labs aims to raise at least $1 billion to create a new digital-asset treasury. This fund will mainly hold XRP, the cryptocurrency linked to Ripple.
A Bloomberg report states Ripple plans to raise the money through a special purpose acquisition company (SPAC). SPACs are shell companies used to take firms public or fund large projects. This move comes as the crypto market recovers from last week’s major sell-off.
Ripple is also expected to add some of its own XRP to the fund. The company has not commented publicly. Sources say the final details are still being finalized.
Market Context and Ripple’s Strategy
The timing of Ripple’s plan is notable. Crypto markets have struggled after a crash linked to U.S.–China trade tensions. The sell-off wiped out billions in value and raised concerns about smaller tokens.
Even Bitcoin fell more than 10% in the past week. It trades at $108,223.64 at press time, showing ongoing investor caution.
Despite market challenges, Ripple is moving forward. If successful, this will be the largest XRP-focused treasury to date.
Ripple Expands While Others Pull Back
Alongside the fundraising, Ripple recently acquired GTreasury, a treasury management software company, for $1 billion. This deal extends Ripple’s presence in traditional finance. It may help integrate blockchain payments into corporate cash systems.
Investor interest in crypto treasuries has cooled. Shares of firms like Michael Saylor’s Strategy Inc. and Japan’s Metaplanet have dropped sharply.
Many companies have slowed Bitcoin purchases. According to BitcoinTreasuries, over 300 firms still hold Bitcoin, but new buys have declined recently.
Ripple controls about 4.74 billion XRP, worth roughly $11 billion. Another 35.9 billion tokens are locked in escrow for gradual release. XRP trades at $2.32, down 3.64% from the previous day, per CoinMarketCap.
Ripple’s move is a rare example of expanding holdings while others remain cautious.
