A former Ripple developer has claimed that MicroStrategy, now rebranded as Strategy, could have doubled its returns if it had invested in XRP instead of Bitcoin. The developer’s analysis offers a fresh perspective on the long-term performance of both cryptocurrencies. It also comes at a time when institutional interest in XRP is on the rise, with several companies establishing dedicated treasuries.

XRP Could Have Doubled Strategy’s Bitcoin Gains, Says Ex-Ripple Dev

Former Ripple developer Matt Hamilton shared new data comparing XRP and Bitcoin. In a post on X, he stated that if Strategy had chosen XRP over BTC, its investment could now be worth nearly twice as much.

Hamilton used public data to support his analysis. He noted that XRP’s annual return was around 513%, compared to Bitcoin’s 96% during the same timeframe. While Bitcoin remains the most popular digital asset, Hamilton emphasized XRP’s improved risk-return profile.

Strategy currently holds over 601,000 BTC. These were purchased for a total of $42.87 billion. At current prices, this investment is worth more than $71 billion. The firm has made an unrealized gain of $29.4 billion so far. Its latest purchase included 4,980 BTC for $531.9 million.

Institutional XRP Treasuries Gain Momentum

Several companies are now choosing XRP for their corporate treasuries. Trident, listed on Nasdaq, plans to raise $500 million to create one of the world’s largest XRP reserves. According to reports, this move shows growing institutional demand for the token.

VivoPower, another public company, has already raised $121 million. The firm plans to use XRP in its DeFi projects. Webus International has also filed with the SEC to establish a $300 million XRP treasury.

Ault Capital Group aims to purchase $10 million in XRP. Their goal is to support an on-chain lending platform. Worksport Ltd. has committed $5 million to XRP as well, choosing to diversify beyond BTC.

These developments show a rising trend among corporations. Many are choosing to hold XRP not only as an asset but also for practical use in their products.

Strategy Maintains Bitcoin Focus Amid XRP Growth

Michael Saylor, chairman of Strategy, continues to back Bitcoin. He regularly posts on social media, encouraging investors to buy more BTC. This year, the corporation has been buying Bitcoin every week in a row 12 times.

Strategy has not indicated that it has changed its focus, even though interest in XRP is increasing. The huge stores of Bitcoin held by the firm depict a long-term stance of the firm on BTC as a treasury asset.

Nevertheless, the declaration by Hamilton prompted a new debate in the crypto industry. The evidence implies that the Strategy would have gotten better interests by selecting XRP. The increasing level of treasuries of XRP is a sign of changes in institutional policies, even though the level of Bitcoin dominance is still high.