Reliance Buys $17M Worth of XRP as Corporate Holdings Surpass $11.5B

Reliance Global Group, a Nasdaq-listed company, has officially added $17 million worth of XRP to its balance sheet as part of its broader plan to diversify its digital asset reserves. 

As announced, this new purchase was revealed in the company’s filing submitted on September 30. Reliance’s addition comes as total XRP holdings across company treasuries have now passed $11.5 billion. 

Reliance’s XRP Purchase Marks a Major Step Toward Blockchain Adoption

In a recent statement, Reliance’s Chairman and CEO, Ezra Beyman, said that adding XRP to its reserve is more than a financial investment.  

He said it is a step toward a future powered by blockchain efficiency. Beyman noted that XRP’s speed, scalability, and low energy use fit well with the company’s long-term digital goals.

The purchase shows Reliance’s wider plan to bring blockchain into its operations and finances, setting an example for other public companies looking to do the same. 

Furthermore, the coin is currently the fourth-largest digital asset by market value. It powers fast and low-cost cross-border payments for banks and payment companies. 

Each transaction takes less than five seconds and costs only a fraction of a cent. Its speed and low cost are making it a popular choice for businesses around the world.

More Companies Add Ripple Coin to Their Treasuries

Reliance’s recent purchase adds to a growing wave of companies investing in XRP. In Japan, Gumi Inc., a gaming and blockchain firm, raised $38 million and set aside $13.5 million for its XRP treasury. This was after Gumi bought about $17 million worth of XRP in August. The company’s DAT program aims to grow shareholder value through token growth, staking, and cross-chain use.

Similarly, VivoPower recently raised $19 million through share sales to expand its XRP holdings. These moves show that more global companies now see XRP as a low-risk, high-utility digital asset. 

Corporate XRP Holdings Surge to $11.5B as Adoption Grows

According to Crypto Treasury Tracker, public firms now hold a total of $11.5 billion worth of XRP in their treasuries. This growth comes just a few months after Ripple’s long legal battle with the U.S. SEC finally came to an end.

Japan-based SBI Holdings tops the list with about $10.4 billion in XR in its stash. Next are Trident Digital and Webus International, both of which have made large investments in the token. In June, Trident announced plans to raise up to $500 million to build one of the world’s largest XRP-focused treasuries. 

The company also chose Chaince Securities LLC as its strategic advisor to guide the project. Around the same time, Webus International filed a Form 6-K with the U.S. SEC, revealing a $300 million XRP treasury. The company also announced a partnership with Samara Alpha Management to guide its digital asset strategy.