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: SPAC
By Marco Piccolo Key highlights: Avalanche Foundation is planning to raise $1 billion through two digital asset treasury companies in the U.S. The initiative involves a $500M private investment and a $500M SPAC deal, with both vehicles aiming to acquire discounted AVAX tokens. The move aligns with a broader trend of public firms transforming into […]
By Emir Abyazov Key highlights: Strive merger triggers 52% surge in Asset Entities shares Company plans to buy $1.5B in Bitcoin, joining top holders Reverse merger chosen as safer path over SPAC structure Shares of marketing company Asset Entities soared 52% in over-the-counter trading after shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises. […]