Seagate Stock Rises 12% After Reported Investment In Ripple

Hard disk manufacturer Seagate’s stock has climbed around 12% after a report surfaced claiming that the business might hold a few billion dollars worth of Ripple’s XRP. The report hasn’t yet been confirmed by either firm.

Seagate is famous for their hard disks, providing information storage options for a broad assortment of customers. A brand new report, however, indicates the company might soon be called an early investor at Ripple’s XRP and also a pioneer at cryptocurrency.

XRP, also called Ripple, is now the third leading cryptocurrency on the planet with a market cap of about $90 billion based on Coin Market Cap. The coin was made with the beginning of this Ripple network, and also the business behind it now owns 61 percent of the 100 billion XRP coins in life. XRP’s recent growth in worth, more than1,000 in the last year, recently contested Ethereum to the #2 place of overall market value. Despite a recent dip in price, Ripple’s present holdings of XRP are valued at around $180 billion in the open market.

Seagate Stock Rises 12% After Reported Investment In Ripple

Seagate is famous for their hard disks, providing information storage options for a broad assortment of customers. A brand new report, however, indicates the company might soon be called an early investor at Ripple’s XRP and also a pioneer at cryptocurrency.

XRP, also called Ripple, is now the third leading cryptocurrency on the planet with a market cap of about $90 billion based on Coin Market Cap. The coin was made with the beginning of this Ripple network, and also the business behind it now owns 61 percent of the 100 billion XRP coins in life. XRP’s recent growth in worth, more than1,000 in the last year, recently contested Ethereum to the #2 place of overall market value. Despite a recent dip in price, Ripple’s present holdings of XRP are valued at around $180 billion in the open market.

Seagate Stock Rises 12% After Reported Investment In Ripple

After this record, Seagate immediately noticed a 12% growth in their stock price at the same stage on Monday, settling down to 10 percent as of this moment. Seagate was called an early investor Ripple’s site, though it was uncertain if the firm had kept interest until lately.

XRP’s possibility was shown when Ripple’s coin overtook Ethereum in relation to overall market value, maybe a harbinger of Seagate’s future because of its own investment. Though this insinuates large profits on Seagate’s role, it doesn’t necessarily imply Seagate has liquid assets.

Neither company has reacted to requests for comments, and reports of Seagate’s precise holdings remain unconfirmed.

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