An IVF Company Bought 146,432 XRP Last Year, Then Sold It All

What The SEC Filings Actually Say

Buried successful an amended registration connection from a fertility session relation with units successful Cambodia and Kyrgyzstan is 1 of the alien firm crypto disclosures of the year.

Newgenivf Group Limited, which trades connected the Nasdaq Capital Market as NIVF, filed Amendment No. 2 to its Form F-1 connected Sept. 10. Note 8 of the fiscal statements, headed integer assets, states:

“[During the twelvemonth ended Dec. 31, 2025] the institution began investing excess treasury balances successful definite integer assets, comprising solana (“SOL”), bitcoin (“BTC”), ethereum (“ETH”), and a the token autochthonal to the XRP Ledger (“XRP”), each of which are blockchain-based crypto assets, arsenic portion of its superior allocation strategy.”

The company’s disclosures made definite to adhd that its superior concern was “in-vitro fertilization (“IVF”) services,” and that the integer plus enactment was “not portion of its halfway operating activities.”

Moreover, the documents added that the steadfast did not mine, stake/lend, bought/sold crypto done a third-party trading level (nor did it ever judge crypto from patients arsenic remuneration).

The XRP Position That Left No Trace

Against an opening equilibrium of zero, Newgenivf purchased 146,432.14 XRP during 2025 lone to merchantability it each subsequently. The aforesaid signifier repeated for 2 different assets, with 8.77 BTC bought and sold, and 8.95 ETH bought and discarded. Only Solana remained held astatine year-end.

Image source: SEC Filing

The realized results were strikingly small:

• The full XRP workout generated $10,849, oregon astir 7 cents per token.
• Bitcoin contributed $12,569
• Ether $223

For context, 8.77 BTC would beryllium worthy astir $677,000 astatine a price constituent near today’s $77,300.

Furthermore, Newgenivf held 13,000.23 SOL astatine Dec. 31 against a outgo ground of $2,906,222 and a just worth of $1,630,827, utilizing a year-end SOL terms of astir $125. That is simply a $1.28 cardinal unrealized loss, and it swamped the $942,915 of realized gains to permission a $332,480 nett nonaccomplishment recorded successful different income and expense.

The concern has not improved, fixed SOL is changing hands astir $101.69 today, which values the retained presumption adjacent $1.32 cardinal and widens the unrealized nonaccomplishment to astir $1.58 cardinal against the disclosed outgo basis.

The institution seems to beryllium successful respectable institution there, arsenic Forward Industries, the largest firm SOL holder, has been sitting much than $1 cardinal underwater connected its ain treasury.

XRP itself has had a hard year, having slid down by 27% since the commencement of the twelvemonth adjacent arsenic XRP Ledger enactment and spot XRP exchange-traded money (ETF) inflows climbed past $1.68 billion earlier this week.