Ripple Bets Big on XRP with Dual $1B Moves: A New Treasury and a Key Acquisition

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In a powerful one-two punch, Ripple Labs has unveiled two major $1 billion strategic plays. The first is leading a fundraise to create a new digital asset treasury dedicated to XRP, as reported by Bloomberg.

The second is the confirmed acquisition of GTreasury, a specialist in treasury management software.

The planned XRP treasury, to be funded via a SPAC, aims to provide significant institutional backing for the cryptocurrency, which has lagged behind Bitcoin and Ether in this arena.

However, the move is a bold gamble, as the DAT model faces increasing scrutiny due to faltering market performance of other similar firms.