Webus files Form 6-K with the SEC to raise $300M for an XRP treasury.
Samara Alpha Management will manage the XRP treasury strategy.
Nasdaq-listed Webus International has filed1322 a Form 6-K with the U.S. Securities and Exchange Commission (SEC), detailing its intent to raise $300 million for an XRP-focused corporate treasury. The Chinese firm, known for its automotive and hospitality ventures, aims to leverage Ripple’s payment infrastructure while adopting XRP as a core digital asset.
According to the June 2 SEC filing, Webus intends to secure the funds through non-equity and credit financing, a strategy similar to that used by MicroStrategy. Webus first announced its financing plans on May 29.
Moreover, Webus has partnered with Samara Alpha Management, a New York-based asset manager. The firm will oversee the development of the XRP reserve under a Delegated Digital-Asset Management Agreement. Together, they aim to establish a secure and efficient framework for di
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