With the Ripple lawsuit coming to its conclusion this week, corporate players have started building their XRP treasury. In the latest SEC filing, corporate players like Quantum Biopharma, and Worksport Ltd. have disclosed their XRP holdings. Pro-XRP lawyer Bill Morgan stated that the ball has already started rolling, and it could spiral into a major treasury race, as seen with Ethereum recently.
Earlier this week, Ripple and SEC made the move to end their long-standing XRP Lawsuit legal battle, in a historic milestone for the broader crypto community. With the regulatory clearance, corporate players are making a move to build their own XRP treasury.
Pro-XRP lawyer Bill Morgan cited the latest SEC filings, which show a growing trend of companies adding XRP to their corporate holdings. As per the latest filing, Quantum Biopharma Ltd, which previously held Bitcoin, Dogecoin, and Solana, has expanded its portfolio to include XRP and Ethereum.
Worksport Ltd reported holdings in both Bitcoin and XRP, with a recent move to double its Bitcoin position. The company initiated its corporate cryptocurrency strategy in December 2024 as a hedge against inflation. Worksport is already sitting at 15% profits on its XRP holdings, reported Morgan.
Bill Morgan also shares two more firms keen on building their XRP treasury. Flora Growth Corp has revealed in its latest Form 10-Q filing that it now holds XRP alongside Solana and Ethereum on its corporate balance sheet. In a separate development, Hyperscale Data Inc. announced through a Form 8-K filing that it would reveal its digital assets portfolio soon.
The company’s inaugural report will detail its initial XRP positions that have been added to its balance sheet. This move comes after Hyperscale announced on May 28, 2025, that its subsidiary Ault Capital Group Inc intended to acquire $10 million worth of XRP as part of its corporate treasury strategy. Speaking on the development, Morgan wrote:
“That is four companies i have identified in less than a week just from their SEC filings on top of many others disclosed over the last few months holding XRP”.
These disclosures represent a growing trend of public companies incorporating XRP into their corporate treasuries. With the SEC lawsuit behind us, more players are likely to join the bandwagon. On the other hand, Nasdaq-listed VivoPower has acquired Ripple shares in a unique way to boost its crypto treasury.
Following the Ripple lawsuit conclusion, top players predict a growing institutional demand for the Ripple cryptocurrency. Initially, there was strong chatter regarding BlackRock filing for an XRP ETF. However, BlackRock has ruled out the possibility for the time being. As per the Polymarket data, the odds of XRP ETF approval by the year-end have fluctuated wildly in the past two days, between 62% and 86%. As of now, the odds stand at 76%.
XRP price has also seen a major push, surging to $3.5 after the Ripple lawsuit. However, it is seeing some pullback today, trading at $3.30 as of press time.
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