New York Stock Exchange-listed diversified holding company Hyperscale Data announced the launch of the "At-The-Market (ATM) " stock offering program, which intends to sell common shares to raise $125 million. The relevant common shares will be issued by Wilson-Davis & Co., Inc. and act as a sales agent. A portion of the proceeds of the raised amount will be used to purchase Bitcoin and expand its Michigan data facilities, a portion of the proceeds will be used to purchase XRP, and other proceeds...
On January 20, according to Whale Alert monitoring, 40 million XRP worth about $125 million was transferred from the unknown wallet to Binance at 13:12 Beijing time.
The judge fined Ripple $125 million in the SEC case. It ruled that XRP trading on cryptocurrency exchanges is not a securities offering.