Ripple Labs is reportedly preparing a fundraising initiative to acquire $1 billion worth of its XRP tokens for a digital asset treasury, Bloomberg reported.
According to sources familiar with the matter, the effort is being structured through a special purpose acquisition company (SPAC).
The digital asset treasury (DAT) will include both the newly purchased XRP and some of Ripple’s existing holdings. However, the specific terms of the deal are still being finalized and may change before it is officially completed, the sources added.
Ripple Already a Major XRP Holder
As of its May market report, Ripple held more than 4.5 billion XRP out of a total circulating supply exceeding 59 billion. If the company proceeds with the reported $1 billion purchase, it could add roughly 427 million XRP to its holdings.
Additionally, Ripple Labs has another 37 billion tokens locked in an on-ledger escrow. These tokens are released monthly, with some sold on the market and the remainder returned to escrow.
On Thursday, Ripple acquired corporate treasury management firm GTreasury for $1 billion, marking a strategic move to broaden its operations. The acquisition provides Ripple with infrastructure to manage digital assets in corporate treasuries, including stablecoins and tokenized deposits, which can also be leveraged to generate yield for clients.
Deal Could Position Ripple as a Leading XRP Treasury
While Bitcoin and Ether currently dominate the corporate crypto treasury space—with companies holding over $152 billion in Bitcoin and $23 billion in Ether—XRP adoption has been comparatively limited.
Notable companies planning XRP treasury allocations include Singapore-based Web3 firm Trident Digital Tech Holdings, which intends to establish an XRP reserve of up to $500 million. Chinese AI company Webus has signaled plans to allocate $300 million, while VivoPower aims to build a $100 million XRP-focused reserve.
