Reported 13 days ago
Ripple Labs is moving forward with a $1 billion treasury plan to enhance its XRP holdings and solidify its position in the cryptocurrency ecosystem, despite recent market challenges that led to a $19 billion loss in leveraged positions. The initiative signals Ripple's confidence in the long-term viability of XRP for payments and liquidity, aiming to establish one of the largest corporate digital asset treasuries. Furthermore, Ripple's acquisition of treasury management software provider GTreasury for $1 billion will strengthen its ties to traditional finance, aimed at promoting institutional adoption of XRP.
Source: YAHOO