Quote from zerpie on October 17, 2025, 5:06 am

Quick takeaway ahead:

Ripple leading a $1B DAT raise and buying GTreasury = real corporate infrastructure moves, not meme speculation. While near-term volatility remains, this shows XRP’s institutionalization phase is deepening — a rather bullish development.

Bloomberg: Ripple Labs Said to Lead $1 Billion Fundraise for XRP Hoard

Ripple Labs Inc. is leading an effort to raise at least $1 billion to accumulate XRP, the digital token linked to the company, in a sign that the recent market tumult has not stopped cryptocurrency heavyweights from pursuing their business plans full-force.

The funds are to be housed inside of a new digital-asset treasury, or DAT, according to people familiar with the matter.

The money will be raised through a special purpose acquisition company, known as a SPAC, said some of the people, none of whom were authorized to speak publicly. Ripple will contribute some of its own XRP as well, some said.

Representatives for Ripple did not respond to requests for comment. Exact terms of the transaction remain under discussion and could change, the people said.
The planned DAT comes as crypto markets remain fragile a week after a huge selloff that forced record liquidations.

Sparked by escalations in the US-China trade war, the downturn was made worse by structural dynamics that spooked traders and left lingering questions about how — and whether — to invest in more speculative tokens called altcoins. On Thursday, even Bitcoin was facing another slide, down more than 3%, suggesting the pain may not be over.

Investors have also gotten more skeptical about DATs, with shares of major crypto accumulators including Michael Saylor’s Strategy Inc. and Japan’s Metaplanet Inc. posting steep declines in recent months.

Nonetheless, Ripple is moving ahead with its DAT fundraising plans — which, if successful, would be the biggest one to focus on XRP. It is the world’s fifth-biggest coin with $138 billion in market value.

Ripple also agreed to buy treasury management software provider GTreasury for $1 billion, according to a Thursday announcement. The company characterized the deal as a way to strengthen ties with corporate finance chiefs and treasurers who want access to tokenized deposits, stablecoins and other digital assets.

Throughout 2025, digital-asset boosters set up an array of publicly listed token accumulators, often through reverse takeovers or SPAC listings. Today, there are more than 300 entities holding Bitcoin alone, according to BitcoinTreasuries.net.

XRP hasn’t drawn the same level of interest from DAT investors as Bitcoin. One exception is sustainable-energy firm VivoPower International Plc, which in May announced a $121 million fundraising to pivot to investing in XRP.

Ripple held 4.74 billion XRP tokens in its crypto wallets as of July 31, worth about $11 billion at current prices, according to its website. Another 35.9 billion coins were subject to what are called on-ledger escrow lockups that are scheduled to be released on a monthly basis.

And, despite the recent downturn, XRP has rallied 13% so far in 2025, compared with a 16% rise in Bitcoin.