Shares of Hyperscale Data ( GPUS/PD ) rose as much as 12% Monday after the company confirmed it has begun acquiring XRP, following through on its previously announced plan to allocate up to $10 million into the token as part of a broader digital asset strategy.

In a July 28 statement, the company said it views XRP as a scalable foundation for cross-border value transfer and emerging financial infrastructure. Executive Chairman Milton “Todd” Ault III called XRP a “foundational asset in the evolving global financial ecosystem.”

Hyperscale plans to publish weekly digital asset updates starting August 12, summarizing XRP holdings and cumulative activity. The company is also considering a 36-month lockup for its XRP reserves and may expand the $10 million cap depending on market conditions and financing availability.

The stock closed up 7.5% at $0.7835, after hitting a session high of $0.82.