Shares of Hyperscale Data (GPUs) increased as much as 12% Monday after the company confirmed that it has begun to acquire XRP after the previously announced plan to allocate up to $ 10 million to the token as part of a wider digital asset strategy.
In a statement on July 28, the company said it considers XRP as a scalable foundation for cross -border value transfer and new financial infrastructure. Executive President Milton “Todd” Ault III called XRP a “basic asset in the evolving global economic ecosystem.”
Hyperscale plans to publish weekly digital asset updates starting on August 12, summarizing XRP Holdings and Cumulative Activity. The company is also considering a 36-month lockup for its XRP reserves and can expand the ceiling of $ 10 million depending on market conditions and financing availability.
The stock closed 7.5% at $ 0.7835 after hit a session high of $ 0.82.
