Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Webus, a Nasdaq-listed Chinese company, has secured an equity financing agreement worth up to $100 million with Ripple Strategy Holdings to advance its XRP treasury strategy. This funding deal has driven Webus's stock price up by 130% intraday. The move reflects growing institutional interest in XRP across Asia. Separately, approximately $1 billion worth of XRP was recently unlocked from escrow and transferred to Ripple's wallet, indicating increased activity related to the cryptocurrency. Additionally, design platform Figma disclosed holding around $69.5 million in spot Bitcoin.
CHINESE FIRM WEBUS LANDS $100M DEAL TO BOOST XRP TREASURY STRATEGY Webus has secured an equity line of up to $100 million from Ripple Strategy Holdings to supercharge its XRP-focused treasury growth. The move signals rising institutional demand for $XRP across Asia. Source: https://t.co/rw0LlIOItz
JUST IN: $1B OF $XRP UNLOCKED FROM ESCROW AND SENT TO RIPPLE WALLET. Source: @martypartymusic https://t.co/NQfDRCeyIx https://t.co/rjhZ6plyb7
🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 Chinese firm Webus secures up to $100 million equity line with Ripple Strategy Holdings to accelerate its XRP treasury strategy growth. 🔹 Design platform Figma discloses holding around $69.5M in spot Bitcoin https://t.co/IQ8Hfi4z2n
