Ripple Proposes a $10 Billion XRP Treasury Plan via SPAC

According to ME News, on May 30 (UTC+8), Ripple is leading a fundraising initiative of at least $1 billion to establish a publicly traded treasury company focused on holding XRP via a special purpose acquisition company (SPAC). The report states that the entity will use the raised funds to continuously acquire more XRP, and Ripple is expected to contribute a portion of its own XRP holdings to the treasury. The terms of the transaction are still under discussion, and the final structure may be subject to adjustment. If successfully executed, this would become the largest known XRP treasury initiative to date. Market analysts believe this move will test institutional investors’ acceptance of the XRP treasury model and whether the digital asset treasury company framework can expand beyond Bitcoin to other major cryptocurrencies. XRP’s current market capitalization is approximately $138 billion, making it one of the top-ranked cryptocurrencies globally. Year-to-date, XRP has gained about 13%. Notably, as cryptocurrency market volatility has intensified recently, some digital asset treasury companies have faced downward pressure on their stock prices, raising questions about whether demand for similar models may be saturating. However, if this plan is ultimately implemented, it could introduce new institutional demand for XRP and further strengthen its narrative in capital markets. (Source: ChainCatcher)