Three publicly traded companies are moving to hold XRP as part of their cash stash, putting real money behind their crypto bets. Webus International wants to set aside $300 million in XRP, while VivoPower plans to use roughly $121 million, and Wellgistics Health has earmarked $50 million. This marks a shift in how some firms think about keeping reserves, and it could change how they handle payments down the road.
According to filings with the US Securities and Exchange Commission, Webus International aims to raise $300 million through non-equity funding. The company will tap its existing cash, credit lines backed by institutions, and support from shareholders. Once the money is in hand, Webus intends to buy XRP and hold it as part of its treasury, with the help of partner Samara Alpha Management. Webus believes the altcoin will assist with global payment services, allowing for quick value transfer across borders.
VivoPower is setting aside about $121 million to build its own XRP stash, highlighted by a recent private placement led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. Most of the raised funds will go directly into XRP, and VivoPower aims to rebrand itself as the world’s first company focused on XRP. If successful, XRP would significantly influence how VivoPower manages its money and transactions.
Wellgistics Health, a healthcare company, has its own $50 million set aside for XRP, which it intends to use for purchasing and holding the cryptocurrency as well as for real-time payments. The company aims to eliminate delays and fees associated with traditional payment methods, believing that using XRP will facilitate faster transactions with vendors and customers. This reflects a growing recognition of the value of holding crypto, even among non-tech firms.
This trio of companies isn't alone in their crypto pursuits. In December, Worksport announced plans to buy both XRP and Bitcoin, using 10% of its operating cash to build reserves. More recently, Ault Capital Group pledged $10 million to XRP this year to enhance its financial services. Additionally, the US government has mentioned XRP as a potential asset for its digital asset stockpile, signaling to private companies that holding XRP is a worthwhile consideration.
