Raised $500M at a $40B valuation, a 2.7x increase, showing strong investor confidence and bullish pre-IPO prospects despite regulatory uncertainty surrounding its XRP token.

Investing in pre-IPO shares is a direct way to bet on the company's success and could be a potential 'value' investment, as its private valuation is significantly lower than the market capitalization of its associated XRP token. There is speculation of a significant valuation increase post-IPO.

Pursuing an aggressive acquisition strategy, such as buying Rail for $200M, to become a 'very real business' by growing the usage of its stablecoin, RLUSD. Deals are structured with cash and equity.