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Nature's Miracle Holding Inc. Announces an up to $20 Million Corporate XRP Treasury Program
Prnewswireยท 2025-07-23 12:30
Core Viewpoint - Nature's Miracle Holding Inc. is establishing a Corporate XRP Treasury program with a budget of up to $20 million to purchase XRP and support working capital needs, positioning itself as a pioneer in adopting cryptocurrency as a core treasury strategy [1][2][4] Group 1: Corporate Strategy - The company plans to use proceeds from equity financing through GHS Investments, following the SEC's effective declaration of a Registration Statement on Form S-1, to fund the purchase of XRP [1][3] - Nature's Miracle aims to acquire XRP tokens as long-term strategic reserves and will implement staking mechanisms to generate yield while engaging with the Ripple ecosystem [2][4] Group 2: Market Context - The adoption of cryptocurrency as a core treasury holding is gaining traction among institutions, particularly following the signing of the GENIUS act by President Trump, which is expected to further encourage this trend [4] - Established financial institutions, such as Banco Santander and American Express, are already involved with XRP, indicating a growing acceptance of this cryptocurrency in the financial sector [4] Group 3: Company Overview - Nature's Miracle is a growing agriculture technology company that provides products and services to the Controlled Environment Agriculture (CEA) industry in the U.S. and trades on the OTCQB market under the symbol "NMHI" [5]