XRP News Today: Nature’s Miracle Allocates $20M to XRP Treasury After SEC Approval Shares Jump 110%

Nature’s Miracle Holding Inc. (NMHI), a publicly traded agricultural technology firm, has announced the establishment of a corporate treasury program involving Ripple’s XRP, with an initial allocation of up to $20 million. The company’s decision follows the successful SEC approval of a Registration Statement on Form S-1, enabling equity financing through GHS Investments to fund the acquisition of XRP and meet broader capital needs. This move positions NMHI as one of the first publicly traded companies to integrate XRP into its treasury strategy, focusing on long-term reserves, staking mechanisms for yield generation, and active participation in the Ripple ecosystem. The company’s CEO, James Li, highlighted the growing institutional interest in cryptocurrency post the enactment of the GENIUS Act, emphasizing XRP’s potential to enhance cross-border payment efficiency. NMHI’s stock surged over 110% in the day following the announcement, according to Google Finance data, reflecting market optimism. XRP, the second-largest altcoin by market capitalization, has seen a 10% decline in the past 24 hours due to liquidations but remains up 395% year-to-date, per CoinMarketCap. The strategy aligns with broader trends in corporate adoption, with companies like VivoPower and Trident also announcing XRP treasury initiatives, signaling increasing institutional confidence in the asset class.

Nature’s Miracle’s approach leverages equity issuance and structured financing to scale XRP holdings, a strategy that could attract further corporate participation in the digital asset space. The company’s emphasis on staking and ecosystem engagement underscores XRP’s utility beyond speculative trading, particularly in sectors requiring efficient liquidity solutions. Analysts note that such initiatives may bolster XRP’s adoption as a reserve asset, though market volatility remains a consideration. The growing participation of diverse industries in XRP treasuries suggests a shift in corporate treasury management toward diversified, technology-driven assets.

Source: [1] [Ripple’s XRP Joins the Farm: Agricultural Company Adds It to Treasury] [https://coinmarketcap.com/community/articles/6882fee27d1070328ddde565/]