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Eat&Beyond signs an agreement to acquire 100% of Milo Media's shares, intending to participate in the Ripple network to obtain XRP

Eat&Beyond signs an agreement to acquire 100% of Milo Media's shares, intending to participate in the Ripple network to obtain XRP

Bitget2025/02/02 07:48

The Canadian listed company Eat Beyond Global Holdings Inc. has announced that it has signed a securities transaction agreement to acquire 100% of the issued shares and 100% of the circulating stock warrants of Milo Media Technologies Inc., subject to final approval from the Canadian Securities Exchange.

This acquisition will make Eat Beyond the first Canadian listed company to participate in the XRPL ecosystem. The company plans to use Milo Media's financial infrastructure solutions to earn XRP on the Ripple network, similar to how Bitcoin miners earn Bitcoin, strategically positioning itself as a blockchain financial infrastructure.

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