Ripple Seeks $1 Billion for XRP Accumulation via New Treasury Vehicle

Ripple Labs is exploring a unique strategy to bolster its XRP holdings. The company plans to launch a special purpose vehicle (SPAC) to accumulate billions of dollars worth of XRP, aiming to build a substantial digital asset treasury (DAT). Ripple intends to contribute some of its own XRP reserves to the new treasury while seeking additional investment from external sources. This move is designed as a long-term strategy aimed at providing stability and increasing institutional involvement in the XRP ecosystem.