XRP Treasury Holdings Surpass $11.5 Billion Following Reliance Global’s $17M Purchase
- XRP holdings in corporate treasuries have reached over $11.5 billion.
- Reliance Global Group (Nasdaq: RELI) purchased $17 million worth of XRP on September 30.
- SBI Holdings leads with approximately $10.4 billion in XRP holdings, followed by Trident Digital and Webus International.
- Gumi Inc., a Japanese company, plans to allocate $13.5 million to its XRP treasury from a recent $38 million capital raise.
- VivoPower raised $19 million to expand its XRP treasury, indicating growing corporate interest in the asset.
The increase in corporate adoption of XRP highlights its appeal as a digital reserve asset among publicly traded companies, driven by its efficiency in cross-border transactions and strategic utility.
With Reliance’s addition of XRP to its portfolio, the token now plays a significant role in the growing trend of corporate treasuries investing over $11.5 billion in this cryptocurrency.(Source)
