Emre Yumlu 
A quiet but noticeable transformation is taking place in the corporate finance world. More publicly listed companies are now including XRP in their balance sheets. Alongside Bitcoin and Ethereum, XRP stands out for its fast transaction speed, low costs, and ability to enable seamless cross-border payments. The SEC’s waiver granted to Ripple has removed long-standing legal hurdles, opening the door for further growth and expansion.
Bill Morgan’s Findings
Crypto lawyer Bill Morgan has been tracking this emerging trend through SEC filings. Quantum Biopharma Ltd, which had previously held Bitcoin, Dogecoin, and Solana, has now added XRP and Ethereum to its portfolio. Similarly, Worksport Ltd holds both Bitcoin and XRP, and in December 2024, the company launched a corporate cryptocurrency strategy that included doubling its Bitcoin reserves. Interestingly, Worksport has already achieved a 15% gain on its Ripple holdings.
According to Morgan, four companies have added XRP to their balance sheets in just one week, signaling that this is no longer an isolated move but part of a broader, growing trend.
Ripple’s Massive XRP Holdings
While Ripple Labs is not a publicly traded company, it controls a substantial 40.7 billion Ripple, representing about 41% of the total supply. If Ripple were to officially designate these holdings as treasury reserves—similar to how MicroStrategy treats its Bitcoin—it could tighten market supply, potentially driving prices higher and sending a strong signal to institutional investors about XRP’s strategic value.
A Strategic Alternative to Bitcoin
The conclusion of the long-running Ripple–SEC lawsuit has made it easier for publicly listed companies to include XRP in their balance sheets without legal uncertainty. Corporate investments in altcoins outside of Ethereum have surged dramatically, from $200 million at the start of 2025 to over $11 billion by July. Ripple has been one of the main beneficiaries of this surge, thanks to its fast settlement times, low fees, and the global reach of the RippleNet network.
Turning XRP into an Income-Generating Asset
While the XRP Ledger does not support native staking, companies still have multiple ways to put their XRP to work. These include institutional lending programs, providing liquidity on exchanges, or using platforms like Flare to wrap XRP for smart contract usage. These strategies transform XRP from a passive reserve asset into an active, income-generating tool.
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