CoinPaprika
Oct 17, 2025
5 0

Ripple Launches $1B SPAC to Expand XRP Holdings

  • Ripple Labs is initiating a $1 billion fundraising through a Special Purpose Acquisition Company to establish a digital asset treasury for XRP.
  • The company plans to use part of its own XRP holdings in the effort. Terms are still being finalized.

Focus on XRP Supply Stability

  • The treasury will gather XRP to support institutional payments and custody services.
  • Ripple holds 4.7 billion XRP, valued at $11 billion, with an additional 35.9 billion in escrow.
  • XRP's market capitalization stands at $138 billion.

Navigating a Shaky Market

  • This initiative arises during market instability, with $19 billion in crypto liquidations due to U.S.-China trade tensions.
  • Bitcoin decreased by 3% recently, while altcoins faced larger declines.
  • Despite this, XRP remains up 6% year-to-date.

Part of Ripple’s Broader Strategy

  • On October 16, Ripple acquired GTreasury for $1 billion to enhance corporate treasury software.
  • This fundraising is part of Ripple’s strategy to integrate blockchain with enterprise financial systems.