XRP tumbled 11% over the past 24 hours, falling to $3.10, even as agrotech company Nature’s Miracle announced a bold $20 million investment in the token. The company, known for integrating tech into agriculture, plans to allocate a portion of its corporate treasury to XRP through funds raised from an equity deal with GHS Investments.
Nature’s Miracle said it will not only hold XRP but also stake it to earn yield and contribute to the growth of the Ripple ecosystem. CEO James Li expressed optimism about XRP’s future, highlighting its use in global transactions by major firms like Santander and American Express.
The funds for the XRP purchase stem from the company’s S-1 registration approved by the U.S. SEC, allowing it to issue registered securities.
This move aligns Nature’s Miracle with other firms transitioning from Bitcoin reserves to altcoins. With Ethereum, Solana, and XRP leading the trend, corporate adoption appears to be broadening.
Even so, XRP’s price remains under pressure. Despite the bullish fundamentals, investor sentiment is cautious following its drop from an all-time high of $3.64. Nature’s Miracle’s initiative could mark the start of a new wave of altcoin treasury strategies.
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