Ripple Said to Lead $1B Fundraise to Bulk Up XRP Holdings Amid Fragile Market

Core Insights - Ripple Labs is leading an effort to raise at least $1 billion through a special-purpose vehicle aimed at accumulating XRP [1] - The initiative comes at a sensitive time for the digital-asset market, which is experiencing volatility due to recent market shocks [3] - Ripple's long-term strategy includes the acquisition of GTreasury for $1 billion, indicating a focus on institutional finance [4] Fundraising and Market Context - The fundraising effort would be one of the largest associated with XRP, which has a market capitalization of approximately $138 billion [2] - The new digital-asset treasury (DAT) structure aims to consolidate XRP exposure, similar to strategies used by other institutional accumulators [5] XRP Supply Dynamics - Ripple currently holds about 4.7 billion XRP directly, valued at roughly $11 billion, with an additional 35.9 billion tokens in escrow [5] - The strategy aims to bring stability or predictability to XRP's supply dynamics, especially as the token gains traction in institutional payments [6]