Three Public Companies Plan to Buy XRP for Reserves
Crypto research firm Messari says three public companies are getting ready to hold XRP as a treasury reserve asset. These companies are:
Webus International
VivoPower
Wellgistics Health
💰 Webus Plans $300 Million XRP Reserve
Webus International, listed on Nasdaq, filed with the U.S. SEC to raise $300 million for XRP.
The money will come from:
Cash on hand
Loans from institutions
Support from shareholders
Webus will team up with Samara Alpha Management to build the XRP reserve. They plan to use it to help with fast global payments.
💸 VivoPower to Focus on XRP
VivoPower, also on Nasdaq, raised $121 million in a private funding round led by Prince Abdulaziz Al Saud of Saudi Arabia.
Much of the money will go to buying XRP. VivoPower wants to become the first company focused fully on XRP.
🏥 Wellgistics Health Gets $50 Million for XRP
Healthcare company Wellgistics Health raised $50 million to create its XRP reserve.
The company will also use XRP to make real-time payments and avoid delays from old payment systems.
📈 More Companies Are Choosing XRP
XRP is getting popular as a reserve asset. Other companies also plan to add XRP to their balance sheets:
Worksport – Wants to buy XRP and Bitcoin using 10% of its cash
Ault Capital Group – Plans to invest $10 million in XRP in 2025
Even the U.S. government has listed XRP as part of its possible digital asset reserve
Bottom Line:
More companies are now seeing XRP as a valuable asset for savings and payments. This trend could help XRP grow in price and use.
Disclaimer: This article is for information only and is not financial advice. Please do your own research before making any investment.
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