Ripple Aims to Raise $1 Billion for XRP Treasury via SPAC

Ripple is reportedly planning to raise at least $1 billion through a SPAC to fund an XRP accumulation strategy. The move follows Ripple's $1 billion acquisition of GTreasury. XRP price failed to capitalize on the recent developments, and it remains to be seen if the SPAC deal materializes. The proposed digital asset treasury could be the largest XRP-focused one, with potential to bring GTreasury's capabilities into the fold.

Ripple is reportedly planning to raise at least $1 billion through a SPAC to fund an XRP accumulation strategy. The move follows Ripple's $1 billion acquisition of GTreasury. XRP price failed to capitalize on the recent developments, and it remains to be seen if the SPAC deal materializes. The proposed digital asset treasury could be the largest XRP-focused one, with potential to bring GTreasury's capabilities into the fold.

Ripple is planning to create a $1 billion digital-asset treasury (DAT) primarily funded with XRP via a SPAC deal. The company aims to increase its on-balance XRP reserves while the market recovers. The plan is not finalized, and details on Ripple’s exact XRP contribution remain under discussion, according to a Coinotag report.

Ripple currently holds 4.74 billion XRP in corporate wallets and 35.9 billion XRP in on-ledger escrows. The company’s digital-asset treasury (DAT) is a proposed $1 billion reserve of XRP and related crypto assets intended to sit on Ripple’s balance sheet. The DAT would be capitalized through a SPAC transaction and possible direct XRP contributions from Ripple, providing a concentrated institutional reserve for corporate use, the Coinotag report said.

According to plain-text reporting by Bloomberg, Ripple plans to use proceeds from a SPAC deal to raise $1 billion for the DAT. The company is also expected to contribute some of its own XRP tokens, though the final amount and structure are still being negotiated. Ripple has stated the DAT will enable faster treasury operations and closer work with corporate treasurers. The transaction remains unfinished and subject to customary approvals and market conditions, the Coinotag report added.

The market context for Ripple's move is significant. XRP is outperforming many altcoins year-to-date (~13% vs. Bitcoin ~16% in 2025); Ripple already controls billions of XRP across wallets and escrows, giving it capacity to seed a large treasury, the Coinotag report noted.

Ripple’s partnership with Absa to deliver regulated digital asset custody across Africa also signals a broader trend of traditional banks integrating crypto custody and tokenization solutions. Absa manages over 2 trillion ZAR (≈ $119.5 billion) in assets and will integrate custody services for institutional and retail clients. This partnership positions Absa to deliver regulated digital asset custody across a large African client base while advancing Ripple’s institutional service offering, according to a Coinotag article.

The proposed SPAC deal and DAT could have implications for XRP price. Markets react to supply, demand, and investor perception. If Ripple places a material portion of its own XRP into a treasury and markets view the move as long-term support, it could reduce circulating supply pressure. However, price moves will depend on broader market conditions and investor sentiment, the Coinotag report cautioned.

The initiative comes amid broader market volatility and slowing institutional Bitcoin purchases, and it signals Ripple’s push to institutionalize treasury services. The SPAC deal and DAT aim to create a more stable and secure environment for XRP and related crypto assets, potentially attracting more institutional investors, the Coinotag report concluded.

In conclusion, Ripple's $1 billion SPAC plan to accumulate XRP is a strategic move to bolster its treasury services and expand its institutional footprint. The proposed DAT could be the largest XRP-focused treasury, potentially bringing GTreasury's capabilities into the fold. While the market's reaction to this development remains to be seen, the move signals Ripple’s commitment to institutionalizing its treasury services and expanding its digital asset custody offerings.