Webus Outlines $300M XRP Treasury Strategy in New Filing with U.S. SEC
- Webus International files with U.S. SEC, detailing its $300M XRP treasury strategy.
- The SEC filing outlines plans to use XRP for cross-border payments & operations.
- This formal disclosure follows similar corporate XRP adoption moves by other firms.
Webus International, a Nasdaq-listed Chinese company that handles automotive and hospitality services, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) laying out its plan to look into a $300 million XRP treasury strategy.
The main idea is to use digital assets like XRP to make its cross-border payments smoother and its overall operations more efficient.
XRP Strategy Gains Institutional Momentum
The company aims to fund its XRP treasury using a mix of available cash, bank loans, and institutional-backed credit lines. It is also backed by shareholder guarantees.
This major financial move, which Webus confirmed is in partnership with Samara Alpha Management LLC, comes right after the company’…
The post Webus Outlines $300M XRP Treasury Strategy in New Filing with U.S. SEC appeared first on Coin Edition.
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Webus Outlines $300M XRP Treasury Strategy in New Filing with U.S. SEC
- Webus International files with U.S. SEC, detailing its $300M XRP treasury strategy.
- The SEC filing outlines plans to use XRP for cross-border payments & operations.
- This formal disclosure follows similar corporate XRP adoption moves by other firms.
Webus International, a Nasdaq-listed Chinese company that handles automotive and hospitality services, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) laying out its plan to look into a $300 million XRP treasury strategy.
The main idea is to use digital assets like XRP to make its cross-border payments smoother and its overall operations more efficient.
XRP Strategy Gains Institutional Momentum
The company aims to fund its XRP treasury using a mix of available cash, bank loans, and institutional-backed credit lines. It is also backed by shareholder guarantees.
This major financial move, which Webus confirmed is in partnership with Samara Alpha Management LLC, comes right after the company’…
The post Webus Outlines $300M XRP Treasury Strategy in New Filing with U.S. SEC appeared first on Coin Edition.
Read More
XRP’s Next Move Depends on These Three Fundamental Factors