Ripple News: Firm Said to Lead $1B Fundraise to Bulk Up XRP Holdings
Ripple is reportedly leading a $1 billion fundraise via a SPAC to create a Digital Asset Treasury (DAT) structure to accumulate XRP.Summary
Ripple Labs is reportedly spearheading an effort to raise at least $1 billion through a special-purpose acquisition company (SPAC) to fund a new Digital Asset Treasury (DAT) structure aimed at accumulating XRP. This move, which would be one of the largest fundraises associated with XRP, comes despite fragile digital-asset markets still recovering from recent trade shocks that caused significant liquidations. The proposed DAT structure mirrors those used by companies like Michael Saylor’s Strategy Inc. and Japan’s Metaplanet. Ripple intends to contribute some of its own XRP holdings, betting that controlled accumulation and treasury management will bring stability to XRP's supply dynamics as it gains traction in institutional payments. This initiative is considered both bold and risky given the current market volatility.
(Source：CoinDesk)