Ripple’s $1B XRP Treasury Push Signals SPAC Path: Bloomberg

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Ripple is pursuing an XRP treasury strategy, according to Bloomberg. The report says Ripple aims to buy $1 billion in XRP for a digital asset treasury (DAT).

It adds that the raise is planned through a SPAC structure.

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Sources in the Bloomberg piece are anonymous. They note that terms may change before documents are signed. Ripple did not respond to a request for comment at the time of reporting.

Ripple $1B XRP Treasury Plan. Source: Nate Geraci on X / Bloomberg (Olga Kharif)
Ripple $1B XRP Treasury Plan. Source: Nate Geraci on X / Bloomberg (Olga Kharif)


The XRP treasury plan centers on a dedicated capital raise, not routine market flows.

As a result, the XRP acquisition would sit in a defined digital asset treasury. The structure separates long-term XRP reserves from day-to-day liquidity.

Ripple XRP Holdings and Escrow: 4.5B XRP, Plus 37B in Escrow

Ripple already controls 4.5 billion XRP, per its May markets report. That figure sits outside escrow and reflects company holdings. It highlights Ripple’s role as a major XRP holder.

Additionally, Ripple manages about 37 billion XRP in on-ledger escrow. The escrow releases monthly. Historically, Ripple returns unused portions to escrow and may sell a part.

If the company buys $1 billion in XRP, estimates point to roughly 427 million XRP added at current assumptions. The number provides context for potential scale. It does not confirm final allocations for the XRP treasury.

How the XRP Digital Asset Treasury and SPAC Would Work

The reported plan uses a SPAC to raise funds for XRP purchases. A SPAC pools capital for a defined transaction. In this case, the transaction is buying XRP for a digital asset treasury.

The digital asset treasury would hold the newly acquired XRP. Bloomberg reports Ripple would also contribute XRP from its current stockpile. However, the exact mix can change before closing.

Because the XRP treasury sits in a defined pool, disclosures could later clarify custody, controls, and accounting.

Until then, the SPAC timeline, the DAT design, and specific XRP allocations remain open questions.

GTreasury Deal: Corporate Treasury Tools for XRP Workflows

On Thursday, Ripple acquired GTreasury in a $1 billion deal. Coverage describes GTreasury as a corporate-treasury platform. It supports digital assets, stablecoins, and tokenized deposits.

With GTreasury, Ripple can manage digital asset treasury workflows for enterprises. The stack covers positions, payments, and liquidity. It also references yield tools where policy allows.

Therefore, the GTreasury acquisition aligns with an XRP treasury plan. The software adds operational rails for custody and reporting. It places XRP alongside other treasury instruments.

XRP Treasury Landscape: Bitcoin, Ether Lead; XRP Treasuries Emerge

Public trackers show corporate holdings near $152 billion for Bitcoin and $23 billion for Ether. Those numbers frame the corporate digital asset treasury landscape.

In contrast, XRP treasuries are smaller. Still, activity is visible. Trident Digital Tech Holdings in Singapore outlined an XRP treasury up to $500 million. Webus, a Chinese AI firm, flagged $300 million. VivoPower set a $100 million XRP target.

If Ripple completes the $1 billion XRP treasury purchase, it would rank as the largest disclosed XRP reserve by a single entity.

Commentators such as Nate Geraci and Scott Melker have posted related context on treasury structures and on-chain flows.

XRP Circulating Supply, Escrow Mechanics, and Market Context

Current circulating supply sits above 59 billion XRP. Ripple’s 4.5 billion XRP holdings exist outside escrow. The 37 billion XRP escrow follows a monthly release with returns noted on-chain.

These mechanics shape the XRP float. An XRP treasury purchase of $1 billion would concentrate a large block under treasury controls. As a result, it clarifies ownership and access.

However, the Bloomberg report stresses uncertainty on final terms. The SPAC schedule, the digital asset treasury structure, and precise XRP amounts could shift before any filing or confirmation.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

Tatevik Avetisyan
Tatevik Avetisyan
Editor at Kriptoworld
LinkedIn | X (Twitter)

Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.

📅 Published: October 17, 2025 • 🕓 Last updated: October 17, 2025

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