Ripple Labs is making a bold move to boost the use of its native cryptocurrency, XRP. The company plans to buy $1 billion worth of XRP to build a new Digital Asset Treasury (DAT). This large purchase would be made using a financial tool called a SPAC, or Special Purpose Acquisition Company. A SPAC is basically a shell company used to raise money for big investments or acquisitions.

This strategy comes right after Ripple’s recent $1 billion acquisition of GTreasury, a corporate treasury management company. With GTreasury now under its wing, Ripple can offer businesses tools to manage digital assets like stablecoins, tokenized deposits, and now, XRP.

Ripple already holds a big chunk of the XRP supply—over 4.5 billion tokens are in its hands, which is a significant portion of the more than 59 billion XRP currently in circulation. On top of that, the company has another 37 billion XRP locked away in escrow. This escrowed amount is released monthly, and Ripple can decide to sell some or lock it back up.

If this new $1 billion XRP purchase goes through, Ripple could add around 427 million more tokens to its holdings. This would give the company even more control over the XRP ecosystem and strengthen its role in managing XRP for corporate clients.

Right now, Bitcoin and Ethereum are the top choices for companies adding crypto to their balance sheets. Businesses hold over $152 billion in Bitcoin and $23 billion in Ethereum. XRP hasn’t seen as much corporate adoption, but Ripple’s latest move aims to change that by making XRP more attractive to institutions.

Other companies are also showing interest in building XRP reserves. For example, Trident Digital Tech Holdings in Singapore wants to set up a $500 million XRP treasury. Chinese AI firm Webus is planning a $300 million allocation, and VivoPower is targeting $100 million. Still, Ripple’s $1 billion plan would make it the clear leader in this space.

The big idea here is simple: Ripple wants to be the go-to platform for companies looking to manage digital assets—especially XRP. By combining the GTreasury acquisition with a massive XRP purchase through a SPAC, Ripple is laying the groundwork to become a major player in institutional crypto finance.