US EditionRipple, XRP Treasury Reserve News: China Firm Files With SEC For $300M Plan
- On June 2, Nasdaq-listed Chinese firm Webus International filed with the SEC to establish a corporate treasury worth $300 million centered on XRP holdings.
- This filing follows Webus' May announcement of plans to use non-equity loans and credit facilities, reflecting the growing corporate interest in XRP as a treasury asset.
- Webus partnered with New York-based asset manager Samara Alpha Management LLC to manage the XRP acquisitions, aiming to integrate Ripple's payment network for efficient cross-border payments.
- XRP transactions settle within 3-5 seconds with low fees, and similar corporate XRP treasuries include VivoPower's $121 million and Wellgistics' $50 million plans, indicating a trend toward institutional adoption.
- Webus’ SEC plan signals increasing institutional confidence in XRP, suggesting that regulatory clarity and structured digital asset management could drive wider corporate adoption.
17 Articles
17 Articles
Webus Files For A $300M XRP Strategy As Ripple Token Eyes $4 - The Market Periodical
Key Insights Webus filed a Form 6-K with the US SEC to formalize a $300 million XRP-focused treasury strategy. The firm partnered with Samara Alpha Management, assigning it exclusive control over XRP asset management. XRP traded at $2.25 and forms a symmetrical triangle, suggesting a potential move toward $4. Webus International Limited, a listed company on the Nasdaq, has formally announced plans to add XRP to its treasury operations. The comp…
Chinese Company Moves To Buy $300 Million Worth Of XRP, SEC Filing Shows – MAXBIT
Chinese company Webus has officially declared its intention to establish a $300 million XRP treasury. The company filed a Form 6-K with the US Securities and Exchange Commission (SEC) detailing the moves it has so far made to create this XRP-focused treasury. Webus Files Form 6-K For XRP Treasury With US SEC A SEC filing...
Bitcoinist
TheSpuzzChinese Company Moves To Buy $300 Million Worth Of XRP, SEC Filing Shows
Chinese company Webus has officially declared its intention to establish a $300 million XRP treasury. The company filed a Form 6-K with the US Securities and Exchange Commission (SEC) detailing the moves it has so far made to create this XRP-focused treasury. Webus Files Form 6-K For XRP Treasury With US SEC A SEC filing shows that Webus has filed the Form 6-K for its XRP treasury with the Commission. The Chinese firm noted the signing of a Del…
Webus Builds $300M XRP Reserve, Boosts Corporate Adoption
Chinese company Webus International is drawing attention in financial markets with its bold move to build a $300 million corporate reserve in XRP, according to a filing with the U.S. Securities and Exchange Commission (SEC). This strategy highlights the growing interest of institutional investors in Ripple and its cryptocurrency XRP. Webus International opts for loans to fund XRP reserve, integrating Ripple for global payments Instead of raising…
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