Hyperscale Data Stock Jumps After Initiating $10M XRP Treasury Allocation
Shares of Hyperscale Data (GPUS) gained as much as 12% on Monday following confirmation that the company has begun acquiring XRP as part of its $10 million cryptocurrency treasury program.
In a July 28 announcement, the firm emphasized XRP’s role in powering scalable, cross-border financial infrastructure. Executive Chairman Milton “Todd” Ault III called the token a “foundational asset” for the future of global payments and financial systems.
As part of its transparency initiative, Hyperscale plans to release weekly digital asset reports starting August 12, detailing XRP wallet balances and cumulative acquisition data. The company is also exploring a potential 36-month lockup on its XRP holdings and may increase its $10 million allocation based on market conditions and capital availability.
The stock closed 7.5% higher at $0.7835 after reaching an intraday peak of $0.82, extending gains on investor enthusiasm around its digital asset strategy.
About The Author
More Stories
Crude exported from the Middle East climbs above $100 per barrel. Here’s the potential impact on bitcoin.
Bitcoin’s pullback may persist as whale selling into retail accumulation points to a bearish market signal.
Despite behaving like a tech stock at times, bitcoin continues to offer portfolio diversification benefits, according to an analyst