Ripple said to lead $1 billion XRP treasury raise
Ripple Labs is reportedly trying to raise at least $1 billion through a SPAC to launch a public XRP treasury vehicle, with Ripple expected to contribute some of its own XRP. The new entity would hold XRP in a digital asset treasury and could become the largest XRP-focused treasury company yet. The plan is still being negotiated and could change. The move would test whether the digital asset treasury model can work beyond bitcoin, as that trade has weakened after a strong 2025 run. Shares of major crypto accumulator companies have fallen as investors question how many firms can pursue the same strategy. XRP, the fifth-largest token by market value, has not seen the same treasury-company demand as bitcoin. Ripple already holds large XRP reserves, including billions in wallets and more in escrow, and a public vehicle could create a new institutional buyer for XRP while helping Ripple deploy part of its holdings.
