Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
ONTARIO, Calif. - Nature’s Miracle Holding Inc. (OTCQB:NMHI), a vertical farming technology company with a market capitalization of $7.09 million and currently trading at $0.05 per share, announced Wednesday plans to establish an up to $20 million Corporate XRP Treasury program.
The company will fund the purchase of XRP tokens using proceeds from equity financing from GHS Investments, for which a Registration Statement on Form S-1 was recently declared effective by the SEC. According to InvestingPro data, the company’s current financial health score is rated as WEAK, with short-term obligations exceeding liquid assets.
According to the announcement, Nature’s Miracle intends to acquire XRP tokens as long-term strategic reserves, deploy staking mechanisms to generate yield, and engage within the Ripple ecosystem.
"With President Trump’s signing of GENIUS act on July 18, 2025, more institutions are adopting crypto currency as a core treasury holding," said James Li, CEO of Nature’s Miracle in the press release. "We see the huge potential of XRP as it improves the speed and reduce the cost of cross-border payments."
The company stated it may subsequently increase its XRP holdings through a mix of equity issuance, strategic placements, and structured financing instruments.
Nature’s Miracle, which provides products and services to growers in the Controlled Environment Agriculture industry, trades on the OTCQB market under the symbol "NMHI."
The announcement positions the company among early publicly traded firms to adopt XRP, currently the third largest cryptocurrency, as a core treasury strategy, according to the company’s statement.
This information is based on a press release issued by Nature’s Miracle Holding Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.