Ripple $1B SPAC Raise Targets XRP Holdings Expansion

Ripple Labs is spearheading a $1 billion fundraising effort through a Special Purpose Acquisition Company to create a digital asset treasury for ￰0￱ company will contribute part of its own XRP ￰1￱ deal's terms are still being ￰2￱ on XRP Supply Stability The treasury aims to amass XRP to support institutional payments and custody ￰3￱ currently holds 4.7 billion XRP, valued at $11 billion, with 35.9 billion in escrow. XRP's market cap is $138 ￰4￱ a Shaky Market The initiative comes amid market turbulence, with $19 billion in crypto liquidations triggered by recent U. S.-China trade ￰5￱ dropped 3% on Thursday, and altcoins fell ￰6￱ remains up 6% ￰7￱ of Ripple’s Broader Strategy On October 16, Ripple acquired GTreasury for $1 billion to bolster corporate treasury ￰8￱ fundraise strengthens Ripple’s push to integrate blockchain with enterprise financial systems.