Ripple
(+840%, Partial Exit)
Emboldened by its legal victory over the SEC, Ripple pivoted to an aggressive M&A strategy, acquiring Hidden Road ($1.25B) and GTreasury ($1B) to build a "full-stack" crypto-finance platform.
A contrarian bet that paid. Rather than rushing an IPO, Ripple is using its fortress balance sheet to buy the competition and launch its own regulated stablecoin, RLUSD, which hit a $1B market cap in late 2025.