Traditional companies enter the crypto treasury game with BTC, XRP and SOL buys

Key Points

1. Nature’s Miracle, an agricultural technology company, announced an allocation of up to $20 million for an XRP corporate treasury.

2. Consumer manufacturing company Upexi disclosed the acquisition of 83,000 SOL, valued at $16.7 million, for its corporate treasury.

3. Japan's Kitabo, a textile and recycling company, revealed plans to buy 800 million Japanese yen (about $5.6 million) of Bitcoin for its company reserve.

4. A June report suggested that only a few Bitcoin treasury companies will survive, with risks of market cycles causing significant drawdowns.

5. Altcoins are seen as riskier compared to Bitcoin, which has a perceived floor independent of market cycles.