By Marco Piccolo Key highlights: Ripple Labs is reportedly planning to raise at least $1 billion through a SPAC to support a new XRP-focused digital asset treasury (DAT). The initiative would involve both newly acquired XRP and a portion of Ripple’s existing holdings, aiming to stabilize XRP’s supply dynamics. The move coincides with Ripple’s $1 […]
Tag: DAT
By Marco Piccolo Key highlights: BitMine Immersion Technologies purchased 23,823 ETH worth $103.7 million on October 10, continuing its aggressive accumulation strategy. The company now holds 2.83 million ETH, valued at approximately $12.3 billion, making it the largest corporate Ethereum treasury. Despite recent criticism from Kerrisdale Capital, BitMine remains committed to its goal of acquiring […]
By Marco Piccolo Key highlights: Fight Fight Fight LLC is reportedly seeking to raise at least $200 million to establish a digital asset treasury for the Trump memecoin. The move comes amid a sharp decline in the token’s price, which has dropped nearly 90% from its January peak. The proposed treasury may be used to […]