- Webus launches $300 million XRP reserve strategy.
- Stock price surges pre-market.
- Potentially reshapes corporate digital treasury management.
Webus International Limited, a Nasdaq-listed company from China, filed with the SEC on June 3, 2025, outlining a $300 million XRP reserve plan, shaking up the crypto market landscape.
Webus’s SEC Filing
Webus International Limited has filed a Form 6-K with the SEC, signaling its intent to establish a $300 million XRP reserve. Bill Morgan, a lawyer, highlighted the significance of this filing, stating that Webus has filed its form 6-K with the SEC after signing the previous day a Delegated Digital-Asset Management Agreement with a delegated manager to establish a strategic framework for potential future digital asset treasury operations, which it asserts are focused on XRP management and an authorised mandate cap of up to $300M. Samara Alpha Management LLC is entrusted with managing the treasury operations.
The reserve will be funded through various sources, including bank loans and institutional credit lines. No new equity will be issued, preventing shareholder dilution in the strategy execution.
Market Reactions
The announcement caused a pre-market surge in Webus stock. The move is expected to bolster confidence in XRP, especially as the reserve integrates with Ripple’s payment infrastructure.
While aimed primarily at XRP, this strategy highlights a shift in corporate digital treasury operations, setting a precedent similar to past initiatives by firms like Tesla and MicroStrategy with Bitcoin.
Future Implications
In the immediate term, changes on the XRP ledger have not been observed. Funds transfer will proceed when market conditions align optimally, ensuring robust risk controls.
The event might lead to increased regulatory scrutiny of digital reserves, potentially refining corporate treasury practices in Asia and globally. As operations unfold, it may impact other digital assets favorably.
We’re excited to partner with Webus to manage their #XRP treasury.
