The rising pattern of healthcare firms’ crypto investments has raised eyebrows, with SEC lawyer Mark Fagel questioning the logic behind such strikes. Wellgistics Health’s latest adoption of XRP has sparked debate, highlighting the necessity for transparency and accountability within the trade.
Wellgistics Health’s XRP Adoption Sparks Criticism
In a latest X post, former SEC lawyer Marc Fagel raised issues over the rising pattern of crypto investments by healthcare firms. His criticism comes on the heels of the Nasdaq-listed pharmaceutical firm Wellgistics Health’s XRPL integration.
Notably, Fagel quested the rationale behind a healthcare startup with minimal income and belongings accumulating a cryptocurrency stockpile. He attributed his skepticism to his 30 years of expertise investigating securities fraud, which has made him inherently suspicious of cryptocurrency. His tweet learn,
Why would a purported well being care start-up with de minimis income and belongings want a crypto stockpile? I notice that 30 years investigating securities fraud makes me inherently suspicious, which is why I keep away from all issues crypto, however c’mon…
Furthermore, Fagel highlighted that Wellgistics Health’s monetary scenario seems precarious, with minimal gross sales and web losses, which raises questions concerning the logic behind investing in XRP. Given the corporate’s struggles to generate vital income and function profitably, Fagel doubts the knowledge of this transfer, particularly contemplating the corporate’s restricted belongings, which can hinder its capability to put money into progress alternatives, repay money owed, or navigate monetary challenges.
It is noteworthy that his tweet is available in direct response to a submit shared by XRP lawyer Bill Morgan. Morgan shared his enthusiasm for Wellgistics Health’s XRP adoption and XRPL integration, deeming it a “real business utility” for the ledger.
While the SEC lawyer raised eyebrows, Morgan highlighted the potential of the healthcare firm adopting XRP to draw funding and lift funds. He added that it additionally aligns with a broader pattern of firms incorporating cryptocurrencies like XRP into their treasury administration.
Maybe they suppose they will use the treasury technique for XRP merely to draw funding in their very own shares and lift funds and gained’t use XRP in funds. Don’t know, however it’s a part of a wider pattern of firms utilizing crypto as treasury together with XRP
— invoice morgan (@Belisarius2020) July 25, 2025
For occasion, vertical farming expertise agency Nature’s Miracle has recently revealed its XRP treasury plan, with an funding of as much as $20 billion. With this transfer, Nature’s Miracle has change into one of many first US corporations to embrace XRP as a treasury asset.
Healthcare Companies Make Notable Crypto Investments
Apart from Wellgistics Health, a number of different healthcare firms have introduced notable cryptocurrency investments. Prenetics Global Limited, a outstanding well being sciences firm, is likely one of the first well being firms to ascertain a Bitcoin treasury. On June 18, the corporate introduced a $20 million funding in Bitcoin, buying 187.42 BTC at a median worth of $106,712 per coin, with the belongings held in a Kraken custody account.
Another notable healthcare agency with crypto funding is the Nasdaq-listed Kindly MD. The platform has made an preliminary buy of 21 BTC, valued at about $2.3 million as a part of adopting a Bitcoin treasury. The agency has additionally introduced additional fundings to ascertain its crypto investments.
Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts greater than 3 years of expertise in content material writing, with experience in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
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