Ripple Labs is reportedly leading an effort to raise at least $1 billion through a special purpose acquisition company (SPAC) to create a digital asset treasury (DAT) focused on accumulating XRP tokens.<\/p>\n
It is a sign that the recent market chaos has not deterred crypto giants from pursuing their business plans to the fullest, according<\/a> to a report by Bloomberg on Thursday.\u00a0Ripple will contribute some of its own XRP to the new DAT, according to Bloomberg\u2019s anonymous sources.<\/p>\n The company directly holds 4.74 billion XRP worth about $11 billion, and there are almost 36 billion tokens held in escrow, which are scheduled to be released on a monthly basis. In total, the fintech firm controls over 40% of the total XRP supply.<\/p>\n Ripple leading effort to raise at least $1bil to accumulate xrp\u2026<\/p>\n New xrp-focused DAT.<\/p>\n via @olgakharif<\/a> pic.twitter.com\/oUU7BOiy1J<\/a><\/p>\n \u2014 Nate Geraci (@NateGeraci) October 17, 2025<\/a><\/p>\n\n Ripple separately announced a $1 billion acquisition of treasury software provider GTreasury to strengthen corporate finance relationships.<\/p>\n \u201cRipple is breaking into the $120T corporate treasury payments market,\u201d said<\/a> CEO Brad Garlinghouse. \u201cAstounding amounts of cash are trapped in outdated payment systems, creating friction, unnecessary costs, and barriers to entering new markets,\u201d he added.<\/p>\n XRP DATs are pretty rare, with only sustainable-energy firm VivoPower International announcing a $121 million fundraising in May to pivot to investing in XRP.\u00a0Bitcoin and Ether DAT momentum<\/a> has remained strong despite the recent market rout, with companies such as Tom Lee\u2019s BitMine aggressively buying<\/a> the dip.<\/p>\n BitMine has made two Ether purchases since the weekend leverage flush, adding more than 300,000 ETH to its monster stash.\u00a0Meanwhile, Strategy acquired 220 BTC for around $27 million earlier this week, bringing its total to a whopping 640,250 BTC worth around $70 billion at current market prices.<\/p>\n XRP markets did not react<\/a> to the news, and the asset has declined 5% on the day in a fall to $2.27 at the time of writing.<\/p>\n The payment token fell to its lowest level since early July in late trading earlier today (excluding last Friday\u2019s flash crash to under $1 on some exchanges). It\u2019s now down by almost 40% since the peak marked in mid-July of $3.65.<\/p>\n The post Ripple Labs Reportedly Leading $1B Fundraise for XRP Treasury\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple Labs is reportedly leading an effort to raise at least $1 billion through a special purpose acquisition company (SPAC) to create a digital asset treasury (DAT) focused on accumulating XRP tokens. It is a sign that the recent market chaos has not deterred crypto giants from pursuing their business plans to the fullest, according […]<\/p>\n","protected":false},"author":0,"featured_media":105495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105494"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105494"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105495"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}DAT Momentum Still Strong<\/h2>\n
XRP Price Reaction<\/h2>\n