PANews reported on October 17th that Bloomberg News reported that Ripple Labs Inc. is leading a fundraising effort to raise at least $1 billion to accumulate XRP, the company's digital token, suggesting that recent market turmoil has not deterred the cryptocurrency giant from fully pursuing its business plans. Sources familiar with the matter revealed that the funds will be deposited into a newly established digital asset treasury (DAT). Some of the sources said the funds will be raised through a special purpose acquisition company (SPAC), and Ripple Labs may invest some of its own XRP.PANews reported on October 17th that Bloomberg News reported that Ripple Labs Inc. is leading a fundraising effort to raise at least $1 billion to accumulate XRP, the company's digital token, suggesting that recent market turmoil has not deterred the cryptocurrency giant from fully pursuing its business plans. Sources familiar with the matter revealed that the funds will be deposited into a newly established digital asset treasury (DAT). Some of the sources said the funds will be raised through a special purpose acquisition company (SPAC), and Ripple Labs may invest some of its own XRP.
Bloomberg: Ripple Labs plans to lead $1 billion fundraising to build XRP reserve strategy
2025/10/17 09:23
PANews reported on October 17th that Bloomberg News reported that Ripple Labs Inc. is leading a fundraising effort to raise at least $1 billion to accumulate XRP, the company's digital token, suggesting that recent market turmoil has not deterred the cryptocurrency giant from fully pursuing its business plans. Sources familiar with the matter revealed that the funds will be deposited into a newly established digital asset treasury (DAT). Some of the sources said the funds will be raised through a special purpose acquisition company (SPAC), and Ripple Labs may invest some of its own XRP.
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