Chinese firm Webus to raise up to $300 million for XRP treasury
Chinese firm Webus, which specializes in “customizable chauffeur services worldwide,” is planning to raise $300 million for its XRP treasury, according to an SEC filing from June 2.
The “strategic framework” includes Samara Alpha as the company’s “exclusive delegated manager for digital assets, with an authorized mandate cap of up to US$300 million.”
Shares of the Nasdaq-listed company were up 11% in early trading.
Ripple’s native token is the fourth-largest crypto, with a $131.6 billion market cap.
Late last month, Nasdaq-listed ViVo Power also announced an XRP treasury, with a capital raise partly led by Saudi Arabia royal family members.
Shares of the Nasdaq-listed company were up 11% in early trading.
Ripple’s native token is the fourth-largest crypto, with a $131.6 billion market cap.
Late last month, Nasdaq-listed ViVo Power also announced an XRP treasury, with a capital raise partly led by Saudi Arabia royal family members.
