Hyperscale Data has initiated a strategic $10 million acquisition of XRP tokens, causing its stock (GPUS) to surge 12% during trading hours before closing at $0.7835, a 7.5% gain. Executive Chairman Milton "Todd" Ault III declared XRP a "foundational asset in the evolving global financial ecosystem," emphasizing its role as a scalable solution for cross-border payments and financial infrastructure rather than a speculative investment.
The company will implement weekly transparent reporting of XRP holdings starting August 12, detailing cumulative trading activity. A potential 36-month lockup period is under consideration, preventing token sales during this timeframe. Hyperscale views XRP's near-instant settlement times and low transaction fees as critical for enhancing international payment efficiency, aligning with growing institutional adoption of blockchain technology.
This investment reflects a strategic commitment to leveraging digital assets for operational efficiency, with flexibility to exceed the $10 million cap based on market conditions and financing. The stock peaked at $0.82 intraday, signaling investor confidence in the company's crypto strategy amid broader industry trends toward utility-focused blockchain applications.