In a move that left Wall Street blinking like a startled owl, Nature’s Miracle Holding Inc.—those green-thumbed wizards of vertical farming—have decided to sprinkle a cool $20 million into the XRP treasury pot. Yes, you heard right. The same folks who grow lettuce in skyscrapers are now cultivating digital assets. One wonders if their next harvest will yield blockchain-based tomatoes. 🍅
Staking Their Claim (And Possibly Their Sanity)
Not content with merely hoarding XRP like a miser with a particularly shiny penny, the company plans to “stake” it—a term which, to the uninitiated, sounds like something one does to vampires. They’ll be dipping into their S-1 equity financing, because nothing says “financial prudence” like swapping shares for crypto while the market does its best impression of a rollercoaster. 🎢
James Li, the CEO (and presumably a man who enjoys living dangerously), declared that the GENIUS Act has opened the floodgates for companies to embrace crypto. “XRP is fast, cheap, and beloved by banks,” he said, neglecting to mention that “beloved by banks” is roughly equivalent to “enjoyed by tax inspectors.” Still, when Santander and American Express are on board, who are we to argue? 🤷♂️
The XRP Gold Rush (Or Perhaps Fool’s Gold?)
Nature’s Miracle isn’t alone in this crypto escapade. Singapore’s Trident Digital is gearing up to raise a staggering $500 million for—you guessed it—more XRP treasury shenanigans. Meanwhile, VivoPower has already tossed $121 million into the ring, proving that when it comes to corporate FOMO, the sky’s the limit. Or in this case, the blockchain. ⛓️
I wonder if in 12 months, people will call Ripple an XRP treasury company.
— Hunter Horsley (@HHorsley) July 10, 2025
Bitwise CEO Hunter Horsley mused aloud whether Ripple might soon be known as an “XRP treasury company,” a phrase that sounds about as exciting as “oatmeal futures trader.” Meanwhile, XRP’s price has taken a 10% tumble, because nothing says “stable investment” like a cryptocurrency that fluctuates more than a politician’s principles. 📉
RLUSD: The Stablecoin That’s (Allegedly) Stable
Not to be outdone, Ripple’s stablecoin, RLUSD, is making waves—or at least gentle ripples. With BNY Mellon now babysitting its reserves and Bluechip declaring it the “most trusted” stablecoin (a title roughly equivalent to “least chaotic toddler”), RLUSD has ballooned to a $550 million market cap. One can only assume this means it’s now too big to fail. Or too big to care. 🤔
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2025-07-24 12:19