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The list of companies embracing Ripple\u2019s XRP for treasury holdings is steadily growing.<\/p>\n
Only a few contenders have utilized this strategy so far, but with easing regulations and increasing adoption, the trend could intensify soon.<\/p>\n
Nature\u2019s Miracle Holding Inc., a publicly traded company (ticker: NMHI) specializing in farming technology, announced<\/a> on Wednesday that it is establishing a corporate XRP treasury program with an initial value of up to $20 million.<\/p>\n Proceeds from the equity financing from GHS Investments will be used to fund the purchase of XRP and capital needs, for which a Registration Statement on Form S-1 was recently declared effective by the Securities and Exchange Commission (SEC).<\/p>\n This strategic play places the company as one of the first publicly traded firms to adopt the asset as a treasury strategy. The focus will be on acquiring XRP tokens as long-term reserves, deploying a staking mechanism to generate yield, and participating in the Ripple ecosystem.<\/p>\n To further support the move, Nature\u2019s Miracle will finance the purchase of the token through a portion of the equity financing that will likely be issued from the S-1 statement, when it decides to issue securities under that financing structure. Subsequently, adoption can be further increased by a combination of equity issuance, strategic placements, and structured financing instruments.<\/p>\n James Li, CEO of Nature\u2019s Miracle, commented on the news:<\/p>\n \u201cWith President Trump\u2019s signing of the GENIUS act, more institutions are adopting crypto currency as a core treasury holding.\u00a0\u201cWe see the huge potential of XRP as it improves the speed and reduce the cost of cross-border payments.<\/p>\n Many established financial institutions, like Banco Santander and American Express, are already involved with it.\u00a0We believe that the adopting of this Treasury program will benefit our shareholders and the Company.\u201d<\/p>\n<\/blockquote>\n At the time of printing, the company\u2019s stock is trading at $0.11, up over 110% in the day following the announcement, according to data from Google Finance.<\/p>\n The asset of choice for the treasury, the second-largest altcoin, XRP,\u00a0may have declined by about 10% over the past 24 hours due to a series of\u00a0liquidations<\/a>\u00a0and\u00a0selloffs<\/a>, but it is still up 395% for the year, according to<\/span>\u00a0current data from CoinMarketCap.<\/p>\n The rising adoption and corporate demand for XRP can be observed across both exchange-traded funds (ETFs) and treasury strategies, with the latter gaining traction recently.<\/p>\n VivoPower, a sustainable energy solutions company specializing in battery technology, solar energy systems, and other power solutions, very recently joined<\/a> the treasury race, planning to sell 20 million company shares, valued at $6.05 each, to raise $121 million for the purchase of the asset.<\/span><\/p>\n Earlier this year, Wellgistics Health, Inc., a holding company for various existing and planned businesses centered around pharmaceuticals and healthcare services, also\u00a0disclosed<\/a> its plans for a strategic reserve.<\/span><\/p>\n The initiative is supported by a $50 million Equity Line of Credit (ELOC), with the revenue to be potentially used to develop and unlock programmable liquidity and on-demand financial infrastructure.<\/p>\n A notable mention here would also be Trident, a company in Singapore that provides commercial and technological digital solutions, which shared<\/a> plans for a $500 million financing plan for an XRP treasury.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
Other Entrants in The Movement<\/h2>\n
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