Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency
Main Idea
Wellgistics Health, Inc. has filed with the U.S. SEC to adopt XRP for treasury management, citing the efficiency and low transaction costs of the XRP Ledger (XRPL), and plans to strengthen its XRP holdings over time.
Key Points
1. Wellgistics Health filed with the SEC to adopt XRP for treasury management, supported by a $50 million Equity Line of Credit from LDA Capital.
2. The company plans to issue debt securities or other forms of capital to increase its XRP holdings over time.
3. XRPL's low transaction costs and speed were key factors in Wellgistics Health's decision to adopt XRP.
4. The adoption of XRP as a reserve management tool could reduce its circulating supply and influence other companies to follow suit.
5. Despite a recent price drop, whale investors have accumulated over 280 million XRP in the past 10 days, indicating strong interest.
Description
Wellgistics Health wants to use its XRP reserve to create sustainable income streams. The company will be the first publicly traded pharmaceutical company to adopt XRP. XRP whales have purchased over 280 million coins in the last ten days, signaling growing interest. Wellgistics Health, Inc. (NASDAQ: WGRX), a Florida-based pharmaceutical distribution and healthcare infrastructure company, filed with the U.S. SEC to adopt Ripple Labs’ XRP for treasury management. Earlier in May, Wellgistics Healt...
Latest News
- Pudgy Penguins (PENGU) Price Prediction for July 272025-07-26 17:42:38
- SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout2025-07-26 17:16:15
- Floki (FLOKI) Price Prediction for July 27, 20252025-07-26 16:49:22
- XRP Price Prediction for July 27, 20252025-07-26 16:16:23
- Ethereum Eyes $4K as it Retests Key Resistance With Surge in Trading Volume2025-07-26 16:00:24