What happened? Ripple is moving to raise at least $1 billion through a SPAC to build a digital asset treasury and will seed it with XRP to become a major corporate holder.
Ripple plans to form a DAT (digital asset treasury) using a SPAC structure and contribute part of its own XRP to the fund. The goal is to accumulate large amounts of XRP and position the treasury as one of the biggest corporate holders of the token. Ripple also announced a planned acquisition of GTreasury to strengthen its treasury-management capabilities.
Who does this affect? This move touches Ripple, XRP holders, institutional treasuries, and companies considering crypto on their balance sheets.
Ripple and its investors could see the biggest direct impact as the company shifts from sales to strategic accumulation of XRP. Corporates and treasury teams watching crypto adoption may reassess using XRP or stablecoins for liquidity and payments. Retail traders, exchanges, and competing crypto-heavy firms will also feel effects from changes in supply dynamics and market attention.
Why does this matter? A large institutional push into XRP could tighten supply, shift demand, and change how markets treat altcoins versus Bitcoin in corporate treasuries.
If Ripple’s DAT succeeds, meaningful XRP accumulation could reduce available supply and put upward pressure on price, especially in thin market moments. The move signals growing institutional appetite for crypto as a treasury asset, which could encourage other firms to diversify into digital assets and increase overall market demand. At the same time, concentration of holdings and regulatory or sentiment shocks could raise volatility and create outsized market reactions.