Story perspectives

Ripple Raises $1B for XRP Treasury Amid Price Dip

10/17/2025

Summary

Ripple's $1 Billion Acquisition

Ripple is raising $1 billion through a SPAC to establish an XRP treasury.
Ripple is acquiring treasury management firm GTreasury for $1 billion.
Ripple will contribute some of its tokens to the XRP treasury.
XRP's price has fallen nearly 3% after Ripple's entry into the digital asset treasury space, according to analysts who note peak market enthusiasm.
Many digital asset treasury firms, including Metaplanet, trade below net asset value.

Summary

BitMine's Market Insights

Tom Lee, chairman of BitMine, said on Fortune's Crypto Playbook that digital asset treasury bubble has likely burst, with about 80% of DATs undervalued.
BitMine holds over 3 million ETH and purchased 202,037 ETH worth $827 million during a market downturn.
Lee says established players like BitMine will survive as investor confidence shifts to firms with solid fundamentals, while Ethereum is positioned as the blockchain of Wall Street for innovations.

History

Historical Context

The cryptocurrency market experienced a significant downturn in 2022, following a peak in late 2021 when Bitcoin reached nearly $69,000. Ripple's $1 billion acquisition of GTreasury highlights a trend of adaptation among firms like BitMine, which holds over 3 million ETH. Analysts estimate that around 80% of digital asset treasuries are undervalued, emphasizing the need for solid fundamentals in this volatile landscape.

1 of 3

Ripple's $1 Billion Acquisition

Ripple is raising $1 billion through a SPAC to establish an XRP treasury.
Ripple is acquiring treasury management firm GTreasury for $1 billion.
Ripple will contribute some of its tokens to the XRP treasury.
XRP's price has fallen nearly 3% after Ripple's entry into the digital asset treasury space, according to analysts who note peak market enthusiasm.
Many digital asset treasury firms, including Metaplanet, trade below net asset value.

1 / 3