Bitwise CEO Hunter Horsley has suggested that Ripple could be potentially viewed as an “XRP treasury company” in 12 months.
According to Ripple’s XRP markets report for the first quarter, the company’s total holdings currently stand at 4.56 billion XRP.
There are also 37 billion XRP tokens kept in escrow, according to the most recent data.
As reported by U.Today, Ripple CEO Brad Garlinghouse previously claimed that the company’s $11 billion valuation was “very outdated”, pointing to the company’s vast XRP riches that total roughly $100 billion.
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Roughly 42% of the cryptocurrency’s total supply remains under
That said, it is worth noting that Ripple does not technically hold the escrow tokens since they are controlled by automated on-ledger smart contracts that release XRP funds on a monthly basis.
XRP as a treasury reserve asset
There are several public companies currently exploring XRP treasuries. Trident Digital Tech Holdings announced a plan to raise $500 million worth of XRP. Webus International is aiming for $300 million. Meanwhile, VivoPower International and Wellgistics Health secured $121million and $50 million worth of capital, respectively, in order to build out their XRP treasuries.
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