Nature’s Miracle Holding Inc., a U.S.-based agricultural technology company, has planned to develop a corporate treasury program on the XRP cryptocurrency. The company is reserving a maximum of $20 million for the project, which makes it one of the first listed companies to employ XRP as a fundamental aspect of its finance strategy.
As per the announcement, the funds for this move will come from an equity financing agreement with GHS Investments, which was recently approved by the U.S. Securities and Exchange Commission (SEC). The company plans to buy XRP tokens and also use them in staking activities to earn yield, while engaging more deeply with the Ripple ecosystem.
As per CEO James Li, this move came due to President Trump signing the GENIUS Act recently, which promotes crypto adoption in businesses. Li feels XRP is a good choice due to its speed and cheap cross-border payments features. He also mentioned that big players in the financial sector like Santander and American Express are already utilizing XRP.
Nature’s Miracle hopes this strategy will strengthen its financial position and provide value to its shareholders as the use of crypto becomes more mainstream.
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