Messari Flags XRP’s Silent Rise As A Treasury Favorite—Here’s Why

Source Newsbtc

Three publicly traded companies are moving to hold XRP as part of their cash stash, putting real money behind their crypto bets. Webus International wants to set aside $300 million in XRP.

VivoPower plans to use roughly $121 million. Wellgistics Health has earmarked $50 million. This marks a shift in how some firms think about keeping reserves, and it could change how they handle payments down the road.

Webus International Plans Huge Reserve

According to filings with the US Securities and Exchange Commission, Webus International aims to raise $300 million through non-equity funding. The company will tap its existing cash, credit lines backed by institutions, and support from shareholders.

Once the money is in hand, Webus intends to buy XRP and hold it as part of its treasury. The plan comes with a partner: Samara Alpha Management. Webus says the altcoin will help the firm with global payment services. They think it can move value quickly across borders, and this treasury could back that.

VivoPower’s XRP Ambition

Based on reports, VivoPower is setting aside about $121 million to build its own XRP stash. The public announcement highlights a recent private placement led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia.

Most of the $121 million raised will go straight into the coin. VivoPower even wants to rebrand itself as the world’s first company focused on XRP. That’s a bold goal for a firm listed on Nasdaq. If everything goes to plan, XRP would play a big role in how VivoPower manages money and transactions.

Wellgistics Health Joins Trend

Wellgistics Health, a healthcare company you might not expect to dive into cryptocurrency, has its own $50 million set aside for XRP. The cash came in last month and is meant for PX (purchase and hold XRP) and to use XRP for real-time payments.

Wellgistics says it wants to cut out delays and fees that come with old‐school payment methods. By sending and receiving XRP, the company believes it can move money faster when it pays vendors or gets paid by customers. It’s a sign that even outside tech or finance, firms see value in holding crypto.

Growing Interest Among Firms

This trio isn’t alone. In December, Worksport said it would buy both XRP and Bitcoin, using 10% of its operating cash to build reserves. More recently, Ault Capital Group pledged $10 million to XRP this year to boost its move into financial services.

On top of that, the US government mentioned XRP as one of the assets it might add to a digital asset stockpile. That’s a signal to private companies that holding XRP is worth a look.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump onto Xi: US announces 245% tariff on ChinaPresident Trump escalates the US-China trade war with a 245% tariff on Chinese imports, citing national security and economic retaliation.
Author  Cryptopolitan
Apr 16, Wed
President Trump escalates the US-China trade war with a 245% tariff on Chinese imports, citing national security and economic retaliation.
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Sui Price Forecast: SUI bulls aim for 15% gains as open interest and bullish bets increase among tradersSui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
Author  FXStreet
May 08, Thu
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
placeholder
EUR/USD trades below 1.1250, eases due to ECB dovish signalsEUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
Author  FXStreet
May 12, Mon
EUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
placeholder
BNB Price Forecast: BNB recovery receives boost as trading volume hits $11.35 billion, highest yearly levelBNB (BNB) is extending its recovery, trading around $670 on Tuesday after rebounding from a key level over the weekend. On-chain data and technical outlook suggest a rally ahead as BNB breaks above the symmetrical triangle pattern, with ecosystem trading volume and stablecoin activity surging.
Author  FXStreet
Jun 03, Tue
BNB (BNB) is extending its recovery, trading around $670 on Tuesday after rebounding from a key level over the weekend. On-chain data and technical outlook suggest a rally ahead as BNB breaks above the symmetrical triangle pattern, with ecosystem trading volume and stablecoin activity surging.
goTop
quote