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Nature's Miracle has announced a $20 million XRP Treasury Reserve Plan
BlockBeats News, July 23rd, Vertical farming technology company Nature's Miracle Holding Inc. (OTCQB: NMHI) (hereinafter referred to as "Nature's Miracle" or the "Company") today announced that the Company will establish a corporate-level XRP treasury plan of up to $20 million. This plan will be supported by equity financing from GHS Investments under the Company's previously effective S-1 registration statement announced by the U.S. Securities and Exchange Commission (SEC), and will be used to purchase XRP and meet operational funding needs.
This strategic move makes Nature's Miracle one of the first listed companies to adopt XRP as a core treasury strategy. The plan will focus on the following directions:
Long-term strategic XRP reserves;
Deployment of staking mechanisms to earn rewards;
Deep involvement in the Ripple ecosystem.
To support this plan, Nature's Miracle will initially use a portion of the equity financing funds that may be obtained through the S-1 registration statement to purchase XRP. Upon the Company's decision to sell securities under this financing arrangement, the funds will be utilized. In the future, the Company may further expand its XRP asset allocation through equity issuance, strategic placements, and structured financing instruments.
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