U.S.-based farming technology firm Nature's Miracle Holding Inc. announced plans to establish a corporate treasury reserve with up to $20 million in XRP, positioning itself as one of the first publicly traded companies to formally adopt the cryptocurrency as a core balance sheet asset. Funding will originate from an equity financing agreement with GHS Investments, secured through an SEC-registered Form S-1 filing.
CEO James Li cited the GENIUS Act as enabling this strategic shift, emphasizing XRP's potential to "improve speed and reduce costs of cross-border payments" while name-dropping institutional adopters like Banco Santander and American Express. Beyond direct token acquisition, the company intends to explore staking opportunities and deeper integration into Ripple's enterprise blockchain ecosystem to diversify working capital beyond traditional fiat reserves.
This follows earlier corporate XRP allocations by Singapore-listed Trident ($500 million) and Hyperscale Data ($10 million), signaling growing institutional acceptance of XRP as a treasury alternative to Bitcoin. Nature's Miracle expects the program to benefit shareholders through operational efficiencies and exposure to digital asset growth.