Ripple Labs is spearheading an effort to raise at least $1 billion to accumulate XRP via a new digital-asset treasury, or DAT, according to Bloomberg, signaling that the latest bout of market turmoil has not dislodged heavyweight players from advancing aggressive balance-sheet strategies tied to crypto assets.
The timing places Ripple’s move squarely against a fragile market backdrop. A week after a heavy selloff triggered record liquidations, sentiment remains brittle. Against that context, the contemplated DAT is notable on several fronts.
First, the scale: “Ripple Labs Inc. is leading an effort to raise at least $1 billion to accumulate XRP,” Bloomberg reported, adding that if completed, “it would be the biggest one to focus on XRP.”
Second, the structure: a SPAC-funded DAT reflects the 2025 wave of publicly listed token accumulators that have proliferated through reverse takeovers or SPAC listings. Bloomberg observed that “throughout 2025, digital-asset boosters set up an array of publicly listed token accumulators,” noting that “today, there are more than 300 entities holding Bitcoin alone, according to BitcoinTreasuries.net.”
While Bitcoin-focused treasuries dominate that landscape, Bloomberg emphasized that “XRP hasn’t drawn the same level of interest from DAT investors as Bitcoin.” This initiative would attempt to change that balance. By design, a DAT channels committed capital into a defined acquisition mandate—here, XRP—creating programmatic buy-side flow that can be measured against circulating supply dynamics and secondary-market liquidity.
At press time, XRP traded at $2.33.
