XRP Gains Momentum as Public Companies Turn to It for Treasury Holdings

XRP is quickly becoming a favored treasury asset among public companies, signaling a growing wave of institutional adoption beyond Bitcoin.

On June 30, attorney John E. Deaton noted on X that at least five companies are now using XRP as part of their treasury strategy, echoing his prediction that firms would mimic MicroStrategy’s Bitcoin play—but with other tokens. “This shift is less about token performance and more about Wall Street behavior and the broader crypto adoption trend,” Deaton said.

Key companies leading the XRP push include:

Vivopower International: Raised $121M to fund a $100M XRP treasury, with backing from Saudi investors and advice from a former SBI Ripple Asia exec.

Worksport Ltd.: Allocated $5M—10% of excess cash—into XRP and Bitcoin.

Hyperscale Data Inc.: Plans an XRP-based lending platform by 2025, treating XRP as a balance sheet asset.

Webus International Ltd.: Managing a $300M XRP treasury aimed at cross-border payments and Web3 use cases.

Wellgistics Health Inc.: Using XRP to enhance real-time payments and reduce banking delays.

These moves mark a significant shift in how public companies view crypto, with XRP emerging as a serious player in institutional finance.

$BTC $XRP #TrumpVsMusk #REX-OSPREYSolanaETF #OneBigBeautifulBill