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Ripple Labs is attempting to raise $1B to establish an XRP digital asset treasury (DAT) company. Citing anonymous sources close to the deal, Bloomberg reported on Friday that the fundraise will be conducted through a SPAC.
What’s the Scoop?
- New Treasury Initiative: The raise will be conducted via SPAC, a publicly traded blank check shell company which Bloomberg says will both purchase new XRP and receive XRP from Ripple. The final terms and structure of the raise remain under discussion.
- Ripple's XRP Reserves: Ripple held approximately 4.5B XRP at last count in May, and receives up to 1B XRP per month from its 37B onchain XRP escrow. The close association between Ripple, XRP, and the prospective DAT has led some crypto commentators to accuse the firm of seeking innovative ways to dump XRP on unsuspecting retail buyers at premium prices.
- Strategic Timing: The DAT initiative comes just one day after Ripple announced its $1B acquisition of GTreasury, a global leader in corporate treasury management systems. That deal granted Ripple access to a multi-trillion-dollar market and some of the world’s largest corporate clients.
Ripple leading effort to raise at least $1bil to accumulate xrp…
— Nate Geraci (@NateGeraci) October 17, 2025
New xrp-focused DAT.
via @olgakharif pic.twitter.com/oUU7BOiy1J
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