Crypto firm Ripple is reportedly set to raise up to $1 billion to set up an XRP treasury 0 firm is notably the largest XRP holder and plans to contribute some of its holdings to this proposed 1 To Raise $1 Billion For XRP Treasury According to a Bloomberg report , Ripple is leading an effort to raise at least $1 billion to buy 2 coins will be held by a new digital-asset treasury firm , which will hold XRP as its primary reserve asset. meanwhile, the crypto firm plans to raise this sum through a special purpose acquisition company (SPAC). The proposed XRP treasury firm by Ripple could become the largest in the 3 it raises up to $1 billion to buy XRP.
Meanwhile, Bloomberg reported that Ripple also plans to contribute some of its own XRP to facilitate this 4 crypto firm is the largest XRP holder , holding over 40% of the token’s total supply, including its holdings in 5 is worth noting that XRP Ledger (XRPL) validator Vet revealed that Ripple sent $500 million in XRP to a new 6 said that the account is not escrowed and doesn’t have multi sig, which he claimed is surprising given the account 7 has led to speculation that the transfer may be related to the $1 billion treasury firm the crypto firm is looking to set 8 addition to the $1 billion fundraise for an XRP treasury firm, Ripple also recently acquired GTreasury for $1 billion, expanding into the corporate treasury 9 is also considered another major win for XRP, as Ripple and GTreasury plan to let customers use the crypto firm’s payment solution for real-time cross-border transactions, which they facilitate using 10 Of The XRP Treasury Firm XRP commentator Kahneman noted the significance of the SPAC in Ripple’s plans to set up a $1 billion XRP treasury 11 explained that this would be a publicly disclosed, regulated liquidity pool capable of handling corporate treasury flows.
Meanwhile, Ripple just bought GTreasury , meaning that both moves could be 12 further remarked that a SPAC would let the payment firm offer a regulated liquidity pool that corporate treasuries can use, even though the crypto firm is a private 13 added that this separates Ripple’s operating business from a compliant pool. Therefore, the XRP commentator opined that this could signal that the crypto firm intends to remain private for a while 14 has so far not revealed any plans for a potential IPO despite the XRP lawsuit already 15 the time of writing, the XRP price is trading at around $2.32, down in the last 24 hours, according to data from CoinMarketCap.
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