Hyperscale Data Rallies as Firm Commits to $10M XRP Treasury Strategy
Hyperscale Data (NASDAQ: GPUS) surged as much as 12% on Monday after the company announced the initiation of its $10 million cryptocurrency treasury program, beginning with direct purchases of XRP.
In a statement released July 28, the company said it views XRP as a critical enabler of scalable, cross-border value transfer and emerging financial infrastructure. Executive Chairman Milton “Todd” Ault III described XRP as “a foundational asset in the evolving global financial ecosystem.”
The company will begin publishing weekly updates on its digital asset portfolio starting August 12, offering transparency around XRP holdings and cumulative activity. Hyperscale is also evaluating a 36-month lockup period for its XRP reserves and suggested the initial $10 million cap could be raised, subject to market conditions and available capital.
Shares of GPUS closed 7.5% higher at $0.7835 after hitting a session high of $0.82, buoyed by investor optimism surrounding its strategic entry into digital assets.
