Ripple Labs plans to raise $1 billion for a digital asset treasury, filled with XRP tokens. The company owns over 4.5 billion XRP, and could add another 427 million with this move. Ripple also acquired GTreasury for $1 billion, enhancing its ability to manage digital assets in corporate treasuries for clients.

Bitcoin and Ether lead in crypto treasuries, with over $152 billion in BTC and $23 billion in ETH. Companies like Trident Digital Tech Holdings and Webus are looking to establish XRP treasuries worth hundreds of millions. Ripple’s move could make it a leading XRP treasury holder in the industry.

Read more at Cointelegraph: Ripple to acquire $1B in XRP through SPAC-led digital treasury move