Why This Company Just Bet $500 Million on XRP Instead of Bitcoin

TLDR

Singapore-based Trident Digital Tech Holdings announced plans to raise $500 million to build an XRP treasury, becoming one of the first large-scale corporate XRP reserves The company will use multiple funding methods including equity issuance and structured financial instruments, with deployment expected in the second half of 2025 Trident plans to stake XRP tokens to generate yield while strengthening engagement with the Ripple ecosystem TDTH stock fell over 30% on the announcement day and is down 94% year-to-date, while XRP dropped 6% to $2.10 Other companies like Webus ($300M) and Wellgistics Health ($50M) have also announced XRP treasury plans recently

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Singapore-based technology firm Trident Digital Tech Holdings has announced plans to raise $500 million to build a corporate XRP treasury. The Nasdaq-listed company joins a growing number of firms choosing XRP over Bitcoin for their digital asset reserves.

🚨Breaking: 💥💥 World Largest $XRP Reserve.

Singapore-based Trident Digital (NASDAQ: TDTH) plans to raise $500M to establish the world’s first large-scale corporate XRP reserve.

The initiative will focus on the acquisition of XRP tokens as long-term strategic reserves, the… pic.twitter.com/57hQSyjQJk

— XRP Chancellor (@xrpchancellor) June 12, 2025

The company trades under the ticker TDTH and operates a blockchain-based identity solution as its main product. Trident appointed Chaince Securities LLC as its strategic advisor to guide the treasury initiative and ensure regulatory compliance.

CEO Soon Huat Lim said the company views digital assets as key enablers in the global financial system’s evolution. The firm plans to demonstrate how public companies can participate responsibly in decentralized finance development.

The XRP treasury rollout is scheduled for the second half of 2025. Trident will use multiple capital-raising methods including equity issuance, private placements, and structured financial instruments to fund the purchase.

Corporate XRP Adoption Grows

Unlike traditional treasury strategies that simply hold tokens, Trident plans to stake its XRP holdings to generate yield. The company also aims to strengthen its engagement with the broader Ripple ecosystem through this initiative.

Several other public companies have announced similar XRP treasury plans recently. Chinese travel booking firm Webus revealed a $300 million XRP treasury strategy last week. Healthcare infrastructure company Wellgistics Health announced a $50 million equity line of credit in May to acquire XRP and build payment infrastructure.

VivoPower is also pivoting to become an XRP-focused digital asset company. The firm will concentrate on acquiring and managing XRP to support XRP Ledger growth.

These moves reflect growing institutional interest in cryptocurrencies beyond Bitcoin and Ethereum. Investment professionals note that institutions are increasingly considering XRP and Solana for portfolio diversification.

Market Response and Performance

The market response to Trident’s announcement was mixed. TDTH shares closed down 30.2% on Thursday following the treasury announcement. The stock has declined 94.1% over the past year, raising questions about the company’s financial health.

Source: Google Finance

Pre-market trading showed a modest 0.58% uptick in TDTH shares after the initial decline. However, the stock remains under pressure from broader market concerns.

XRP also faced downward pressure following the announcement. The token traded at $2.10 at press time, down 6.1% over 24 hours. The decline coincided with broader cryptocurrency market weakness due to escalating Israel-Iran tensions.

XRP Price

The token had previously been trading around $2.20 before the geopolitical concerns affected market sentiment. Market analysts attribute the broader crypto decline to uncertainty surrounding the Middle East conflict.

Legal Developments May Impact XRP

Recent legal developments could influence XRP’s future performance and institutional adoption. Ripple and the SEC have filed a joint motion with the Manhattan District Court to resolve their ongoing legal battle.

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