Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement
Data center Hyperscale Data announced that it has begun purchasing XRP as part of a previously stated plan to acquire up to $10 million of the token, with the company’s shares jumping up to 12% amid the announcement.
The company stated in a July 28 announcement that the reports will summarize digital asset activity from the prior week and display the cumulative XRP held on its balance sheet, positioning the disclosure as a transparency measure for its long-term accumulation strategy.
Furthermore, Hyperscale announced it will start publishing weekly acquisition updates on August 12.
Amid the announcement, Hyperscales’ GPUS shares jumped up to 12%, leaving $0.73 to reach $0.82.
Rail for scalable cross-border value transfer
The diversified holding company framed XRP as a scalable and efficient rail for cross-border value transfer and emerging financial infrastructure.
It added that its board is considering expanding the $10 million program, subject to market conditions and available financing, and is evaluating a 36‑month lockup for the XRP it accumulates, tied to internal milestones.
Executive Chairman Milton “Todd” Ault III said in the announcement:
“We view XRP as a foundational asset in the evolving global financial ecosystem. Our goal is to build a balance sheet that reflects the future of not just computing infrastructure, but of global finance as a whole.”
The company stated that the weekly cadence is designed to provide investors with a consistent view of execution and risk management related to its digital-asset program, at a time when large public firms are experimenting with treasury exposure to crypto.
Shares of Hyperscale Data have climbed as much as 12% in July, rising from $0.73 to $0.82. As of press time, the stock is up 7.5% at $0.7835.
The company did not attribute the move to any single catalyst. However, the disclosure of active XRP accumulation and a forthcoming reporting schedule adds a new narrative for investors tracking GPUS alongside its core data center and energy ambitions.
The post Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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