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XRP acquisition of $10 million boosts Hyperscale Data Inc.’s stock by 12%

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by Giorgi Kostiuk

11 hours ago

Hyperscale Data Inc. announced a plan to acquire $10 million in XRP, which has prompted a positive market response, increasing its stock by 12%.

XRP Accumulation Plan

Hyperscale Data Inc. has announced an XRP accumulation plan with a $10 million allocation for asset acquisition locked for 36 months, confirmed by Executive Chairman Milton "Todd" Ault III.

XRP Transparency Strategy

Market confidence in XRP has grown following the announcement, largely due to transparent asset management. The company plans weekly disclosures of cryptocurrency holdings, positively influencing the perception of XRP as a significant asset in the financial ecosystem.

Comparison with MicroStrategy's Actions

Experts note similarities between Hyperscale Data's actions and MicroStrategy's Bitcoin acquisitions, which facilitated institutional interest in cryptocurrency. Hyperscale’s transparent approach could establish a new standard for financial transactions with digital assets.

Hyperscale Data Inc.'s XRP accumulation plan may represent a turning point for institutional investments in cryptocurrency, similar to the impact of Bitcoin by MicroStrategy.

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