- Existed companies absorb XRP and Solana in their portfolios and thus expand their crypto strategy beyond Bitcoin for the first time.
- Critics point out that this can trigger speculative shares that are reminiscent of past market separators such as Spac and Meme shares.
The acceptance of cryptocurrencies in companies is increasing and public companies begin to include XRP and Solana in their portfolios. The trend that was initiated by Strategy’s aggressive BTC battery strategy- CNF reported – is now extended to old coins by listed companies that want to create financial and strategic values.
Two companies have recently made headlines by initiating extensive purchases from XRP and Solana. On June 2, Bitgo confirmed his partnership with Vivopower, a company listed on the Nasdaq, which changes to a strategy for digital assets based on XRP.
The company announced plans for the purchase of XRP worth $ 100 million with funds from a capital increase of $ 121 million. Bitgo’s Over-the-Counter-Desk will handle the purchase, while Bitgo will also take care of the assets.
Kevin Chin, Executive Chairman and CEO from Vivopower, described the step as part of the company’s strategic transformation. The initiative reflects the logic behind the Microstrategy model, which takes up public capital to convert it into crypto reserve, but extends it to the Altcoin sector.
At the same time, Classover Holdings (Nasdaq: Kidz) signed an agreement with Solana Growth Ventures. The agreement provides for the issue of primarily secured convertible bonds worth up to $ 500 million, with 80% of the net proceeds to be used to set up a SOL trasury. A first sum of eleven million dollars is already intended for immediate purchases.
BREAKING: Classover ($KIDZ) has completed an initial purchase of 6,472 $SOL (~$1.05M) and signed a new agreement to issue up to $500M in convertible notes, with 80% allocated to $SOL. Combined with a prior $400M equity deal, Classover now has up to $900M in total financing—part… pic.twitter.com/IdSyV1q3ic
— SolanaFloor (@SolanaFloor) June 3, 2025
There will be concerns about new treasury strategy
Despite the enthusiasm, the movements are not undisputed. Industry analysts and crypto observers warn that the Altcoin treasury trend could trigger an unintentional speculative behavior on both the equity and digital markets.
The Web3 analyst Hitesh.eth wrote that this developing “Saylor effect” is increasingly being used as an instrument for the financial engineering of companies. He noted that companies are now raising funds against shares, buying trendy crypto assets such as Solana and, with the help of the influence of social media, control speculative moods.
Some market observers see similarities to the SPAC boom from 2020 or the meme share mania from 2021. In both cases, companies experienced a rapid price increase, which was heated up by the hype in retail and was often followed by dramatic corrections. A user on x noticed that as soon as companies announce crypto acquisitions, massive upward candles show, which indicates that the momentum gives priority to fundamental changes.
Do institutions also get involved or is it an opportunistic trend?
The question remains whether these strategies represent a real takeover of the blockchain infrastructure by companies or short-term attempts to increase market performance. Lawyer and XRP advocate John Deaton argued that such movements were predictable in view of the historical outperformance of Bitcoin and his ETF products. However, he pointed out that replication with old coins does not guarantee similar results and did not want to support the approach.
Deaton emphasizedThat the trend could accelerate interest in assets such as XRP and Solana, but the extent and the effects will probably differ from the institutional increase in Bitcoin. The current wave could either represent a new institutional phase in cryptocurrency or an early signal for the return of speculative behavior to the markets.
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