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Ripple is making a big move again. It is reported that Ripple Labs is preparing to raise at least $1 billion, specifically to buy and accumulate XRP. This move is interesting — despite the recent market volatility, they are increasing their holdings.
How will the raised funds be used? They will be stored in a newly established digital asset treasury. According to informed sources, this financing may be conducted through a Special Purpose Acquisition Company (SPAC). In addition, Ripple itself will also allocate some XRP to participate in this plan.
What can be inferred from this move? It indicates that Ripple still has confidence in the long-term prospects of XRP. No matter how the market fluctuates, large institutions tend to act this way — they buy when others are fearful. If this financing is successfully implemented, it will undoubtedly have a significant impact on the market supply structure of XRP.