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XRP News: Hyperscale Data Launches Weekly Report on its $10 Million XRP Acquisition Plan
Hyperscale Data Inc., a US-based data center operator, has announced that it will be publishing weekly updates on its plan to acquire $10 million worth of XRP by the end of 2025. This move demonstrates the company’s strong confidence in the cryptocurrency’s future growth and potential.
According to Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, the company believes in the long-term future of artificial intelligence and energy, with a growing demand for energy in the data center space, digital assets, and the demands for what the future holds for finance. He emphasized that they view XRP as a foundational asset in the evolving global financial ecosystem.
The company has set an ambitious goal to build a balance sheet that reflects the future of not just computing infrastructure but also of global finance as a whole. This strategic commitment may include implementing a 36-month lockup period on these XRP holdings, which would enable them to hold onto their investments for the long-term.
In the event that the crypto market remains favorable, Hyperscale Data may choose to expand its purchase of $10 million XRP.
Source: coinpedia.org
