Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

• Wellgistics Health wants to use its XRP reserve to create sustainable income streams.
• The company will be the first publicly traded pharmaceutical company to adopt XRP.
• XRP whales have purchased over 280 million coins in the last ten days, signaling growing interest.

Wellgistics Health, Inc. (NASDAQ: WGRX), a Florida-based pharmaceutical distribution and healthcare infrastructure company, filed with the U.S. SEC to adopt Ripple Labs’ XRP for treasury management. Earlier in May, Wellgistics Health announced a $50 million Equity Line of Credit (ELOC) from LDA Capital to facilitate the adoption of XRP for treasury.

The company aims to become the first publicly traded company in the U.S. healthcare sector to adopt XRP as a treasury reserve. According to the form S-1 filed with the SEC, Wellgistics Health will issue debt securities or other forms of capital to strengthen its XRP holdings over time.

The company also wants to implement a blockchain payment solution by tapping into XRPL over time. Moreover, Wellgistics Health wants to use its XRP holdings as loan collateral to strengthen its financial position.

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