Hyperscale Data Stock Rises on XRP Treasury Launch
Hyperscale Data (GPUS) saw its stock rise by as much as 12% on Monday after confirming it has initiated XRP purchases as part of a previously announced $10 million digital asset treasury strategy.
In a statement released July 28, the company outlined its decision to acquire XRP, citing the token’s utility in cross-border value transfers and its potential role in future financial infrastructure. Executive Chairman Milton “Todd” Ault III described XRP as “a foundational asset in the evolving global financial ecosystem.”
To provide ongoing visibility, Hyperscale will begin publishing weekly updates on its XRP holdings starting August 12. The company is also exploring a 36-month lock-up period for its XRP reserves and may raise its initial $10 million commitment depending on market conditions and funding opportunities.
Shares of GPUS closed up 7.5% at $0.7835 after reaching an intraday high of $0.82, reflecting investor optimism around the firm’s crypto-focused strategy.
