Meta’s Bitcoin Rejection: Is XRP the New Darling of the Treasury? 🤔💸

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Ah, dear reader, gather ’round as we delve into the curious case of Meta, that digital behemoth led by the enigmatic Mark Zuckerberg. Recently, the stockholders, in a fit of collective wisdom—or perhaps folly—decided to cast aside a proposal to embrace Bitcoin (BTC) into their treasury. One can only imagine the gasps that echoed through the hallowed halls of corporate power! 😱

It was none other than the intrepid investor Ethan Peck, representing the National Center for Public Policy Research, who dared to suggest that Bitcoin might serve as a splendid store of value, impervious to the caprices of inflation and the dismal returns of bonds. But alas! The board, with a resolute shake of their heads, declared that their treasury was already a fortress of capital preservation and liquidity. A staggering 205 million shares were left in the limbo of broker non-votes, while 8.9 million shareholders decided to play hooky. 🎭

But wait! Just weeks prior, whispers wafted through the air like the scent of fresh borscht, hinting that Meta might be eyeing Ripple Labs, the wizards behind XRP. This tantalizing speculation was ignited during a TechPath YouTube interview featuring the ever-charismatic Bradley Kimes, who regaled us with tales of Meta’s burgeoning interest in Stablecoins and cross-border payments—domains where Ripple reigns supreme. 🧙‍♂️

“Whether it’s Ripple or whether it’s Meta targeting them or what have you, I see this is the moment where special things like this can take place,” Kimes mused, his eyes twinkling with the promise of intrigue. “Meta has to have a plan. Now, if that plan involves trying to acquire Ripple, I don’t know.” Ah, the sweet taste of uncertainty! 🍷

While this remains mere rumor, the tantalizing prospect of a connection between these two titans raises eyebrows and speculation alike. Should Meta indeed acquire Ripple, it would gain access to the coveted XRP, potentially adding it to its treasury, along with Ripple’s ever-expanding stablecoin empire. What a delightful thought! 🎉

Companies Seize XRP as Hotcake for Treasury Strategies

In the meantime, other firms are not sitting idly by. Reports suggest that one such company plans to raise funds through non-equity financing, seeking loans from banks and institutional credit. They’ve set their sights on integrating XRP, touting its low-cost and high-performance attributes. A savvy move, indeed! 💼

Just days before this revelation, on May 28, the Nasdaq-listed energy company VivoPower announced it had raised a staggering $121 million from private shares to fund its XRP treasury strategy. This audacious sale was reportedly led by none other than Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who generously invested $100 million, while the company sold 20 million shares at a princely sum of $6.05 each. Talk about a royal endorsement! 👑

So, while Meta ponders its next move, the rest of the corporate world is already diving headfirst into the XRP trend. Who knows? If the U.S. Securities and Exchange Commission (SEC) gives the green light for an XRP ETF, we might see a veritable stampede of companies eager to add XRP to their treasury assets. As of now, however, the SEC remains in a state of contemplative review, leaving us all in suspense. 🎭

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2025-05-31 19:33