XRP treasury
A firm backed by Ripple is planning a SPAC to raise $1 billion for the purpose of establishing the largest public treasury of XRP. This initiative is part of a broader strategy to enhance liquidity and investment potential in the cryptocurrency space. The firm aims to leverage its backing from Ripple to attract investors and bolster its market position. By creating a substantial public treasury, the firm intends to facilitate further development and adoption of XRP as a digital asset. This SPAC offering represents a significant move within the cryptocurrency market as firms seek innovative funding methods.
