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Key Takeaways:
- Hyperscale Data (GPUS) has started accumulating XRP with a $10 million target and will publish weekly updates.
- The company is considering a 36-month lockup period to underscore long-term commitment.
- GPUS stock surged nearly 7% intraday, showing strong investor response to the announcement.
Hyperscale Data (NYSEAMERICAN: GPUS), formerly known as Ault Alliance and BitNile Holdings, has formally launched its multi-million-dollar XRP acquisition plan. The company confirmed it has started executing its pledge to acquire up to $10 million worth of XRP by the end of 2025. In a move aimed at boosting transparency and investor confidence, Hyperscale Data will publish weekly updates beginning August 12, detailing cumulative XRP holdings and strategic changes.
Executive Chairman Milton “Todd” Ault III emphasized that XRP is seen as a core pillar of the company’s long-term vision:
“We view XRP as a foundational asset in the evolving global financial ecosystem.”
Long-Term Strategy Signals Confidence in XRP
As part of its strategic shift, Hyperscale Data is considering a 36-month lockup period for its the coin holdings. This demonstrates a significant long-term commitment and signals confidence in XRP’s value proposition within global finance and digital asset infrastructure.
Additionally, the board is open to expanding the $10 million program if market conditions remain favorable and financing allows. The plan aligns with the company’s broader efforts in AI, energy infrastructure, and DeFi development using XRP Ledger technology.
GPUS Stock Surges After Announcement
The market responded positively to the XRP initiative. GPUS stock surged as much as 11%, briefly hitting $0.82 before settling at $0.7789, according to Yahoo Finance. This marks a near 7% intraday gain, reflecting investor enthusiasm around the new strategic direction.
Earlier in May, Hyperscale Data’s subsidiary, Ault Capital Group, had announced plans to use the coin and the XRP Ledger for real-world asset tokenization and cross-border payment solutions—adding further credibility to its treasury move.
Also Read: XRP Analyst Predicts Surge to $15 Using Elliott Wave
XRP Becoming a Corporate Favorite
Hyperscale Data joins a growing list of firms embracing the coin for corporate treasury purposes. Just days ago, Nature’s Miracle announced a $20 million the coin investment, and Thumzup Media Corporation approved plans to allocate up to $250 million in digital assets, including the coin. Nasdaq-listed Trident is reportedly working on a massive $500 million XRP treasury.
These moves suggest growing institutional interest in XRP as a reliable digital reserve asset, particularly as regulatory clarity improves and utility use cases expand.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
