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  • msolMarinade Staked SOL (MSOL) $ 167.52
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Altcoins

During One Day Three Companies Announce Plans to Buy and Hold XRP as a Strategic Treasury Asset

By admin
0 11

During One Day Three Companies Announce Plans to Buy and Hold XRP as a Strategic Treasury Asset

Anna Martynova

On May 28, Hyperscale Data subsidiary Ault Capital Group (ACG) announced plans to add XRP to its balance sheet. According to the announcement, ACG plans to purchase $10 million worth of XRP by the end of this year to support its expansion into financial services. ACG later announced plans to launch an XRP lending platform for NYSE-listed companies. The lending initiative, scheduled to launch in Q3 2025, will be backed by ACG’s XRP reserves.

On May 28 VivoPower International revealed its transformation into the world’s first XRP-focused enterprise. VivoPower will dedicate a significant portion of its $121 million funding round to buying and holding XRP, creating an XRP-focused treasury. Part of the funds will be used to invest in the XRPL DeFi ecosystem and related initiatives.

AI-focused Webus International announced plans for a non-equity funding round of up to $300 million to create a strategic XRP reserve. Webus will use the XRP reserve to facilitate global payments by leveraging the asset’s utility in cross-border settlements. In addition to creating the strategic XRP reserve, the company will use a portion of the funds to accelerate its global expansion and develop an efficient blockchain infrastructure.

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