Ripple’s XRP Joins the Farm: Agricultural Company Adds It to Treasury
Main Idea
Nature’s Miracle Holding Inc. is establishing a corporate XRP treasury program, joining a small but growing list of companies adopting XRP for treasury holdings, supported by equity financing and regulatory developments.
Key Points
1. Nature’s Miracle Holding Inc. (NMHI) announced a corporate XRP treasury program with an initial value funded by proceeds from equity financing.
2. The company aims to acquire XRP and participate in the Ripple ecosystem, citing regulatory support like the GENIUS act signed by President Trump.
3. XRP, despite a recent 10% decline, is up 395% for the year, making it an attractive treasury asset.
4. Other companies, such as Wellgistics Health, Inc. and Trident, have also disclosed plans for XRP treasuries, supported by significant financing structures.
5. The initiative reflects a broader trend of companies exploring XRP for treasury strategies, leveraging liquidity and financial infrastructure.
Description
The list of companies embracing Ripple’s XRP for treasury holdings is steadily growing. Only a few contenders have utilized this strategy so far, but with easing regulations and increasing adoption, the trend could intensify soon. Institutional Interest Growing Nature’s Miracle Holding Inc., a publicly traded company (ticker: NMHI) specializing in farming technology, announced on Wednesday that it is establishing a corporate XRP treasury program with an initial value of up to $20 million. Procee...
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