- Ripple plans to create a digital asset treasury (DAT) with $1 billion worth of XRP.
- Stocks or DATs holding large amounts of XRP have historically declined in market value following major XRP-related announcements.
- Recent examples include VivoPower International, Webus International Limited, and Wellgistics, all of which saw steep share price drops after revealing XRP DAT plans.
- While a few micro-DAT stocks and Galaxy Digital have risen, XRP forms only a minor part of their value or holdings.
- Ripple will use a special purpose acquisition company (SPAC) to back the new public entity, aiming to bring additional outside investment.
Ripple has announced plans to form a digital asset treasury (DAT) backed by $1 billion in XRP. The move aims to bring new investment into a public company centered on the XRP token through a special purpose acquisition company (SPAC).
Several companies have recently launched or announced DATs with substantial XRP holdings, but their stock prices have dropped significantly post-announcement. For example, on May 28, VivoPower International said it would buy $121 million in XRP, but its share price fell from $8.49 to $4.25, halving its market value.
On May 29, Webus International Limited outlined plans for a $300 million XRP DAT. The company’s share price dropped from $4.25 to $1.56, a decline of 63%. Similarly, Wellgistics attempted to create an XRP DAT using a $50 million credit deal on July 24, but its shares went from a high of $1.79 to just $0.52, a 70% drop.
Despite these declines, a handful of companies holding smaller amounts of XRP have seen modest stock increases. Nature’s Miracle Holding trades for only a few cents per share but has seen a rise since adopting an XRP micro-DAT strategy. Galaxy Digital, with a $15 billion market cap and $115 million in XRP, has increased in value since acquiring these assets. However, XRP holds a minor role in their overall business.
With this new plan, Ripple intends to contribute some of its own XRP and raise funds to place at least $1 billion of XRP into an as-yet-unnamed new public company. The effort will be carried out through a SPAC, a type of investment vehicle that allows companies to go public quickly, though SPACs have had a mixed record of success.
Year to date, XRP’s price has increased by 16%, which matches gains in Bitcoin and the broader cryptocurrency market. In addition to the DAT development, Ripple has spent $2.45 billion in 2025 on acquisitions: $1 billion for financial software provider GTreasury, $1.25 billion for the prime broker Hidden Road, and $200 million for stablecoin platform Rail.
For more information, original coverage can be found via Bloomberg and other linked sources in the article.
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