- Eight major companies, including Nasdaq-listed Trident and VivoPower, have collectively invested over $986 million in XRP.
- Firms like Webus International, Wellgistics, and Hyperscale Data plan to use XRP in the real world, especially for faster payments and the creation of crypto treasury reserves.
XRP has continued to gain traction in the corporate world as many institutions continue to pour money into it. Recently it was recorded that eight major companies have invested nearly $1 billion into XRP.
This move goes to show XRP’s potential for real-world utility, especially tackling issues like cross-border payments and blockchain-based finance. It also highlights XRP’s position as one of the most evolving tokens in the crypto space.
The Details of the Big XRP Buy
According to a report shared by Bull Diep on X, the eight companies together invested over $986 million. One of the most notable investments that caught the eye of many came from Trident, a company listed on Nasdaq.
Trident has previously revealed its plans to raise 500 million to build its own XRP reserve. The company brought in Chaince Securities LLC to act as a strategic advisor and planned to gather funds through private deals and equity offerings.
Another whale buy was done by Webus International. The company is also setting up an XRP treasury, and it went on to sign a management agreement with a digital asset advisor and filed a 6-K form with the U.S. Securities and Exchange Commission. Webus has set an estimated budget of $300 million for its XRP-related activities as part of a broader move into blockchain.
VivoPower, another Nasdaq-traded business, also raised $121 million to start its XRP investment portfolio. The company, in a bid to raise funds, sold $20 million worth of shares at $6.05 each and then used the money to invest in XRP. Wellgistics, a well-known pharmaceutical distributor, also made huge investments into XRP. The company made a $50 million XRP buy and shared that it plans to use the token to boost payment speed and build up its crypto treasury. Lastly, Hyperscale Data, a company that focuses on digital infrastructure, committed $10 million to XRP.
This big company’s decision to invest in Ripple, especially among companies looking for options beyond the usual choices like Bitcoin or Ethereum, shows how much belief institutions have in XRP.
More Reading: Top Crypto Presales to Watch as Market Heads Toward All-Time Highs in 2025
