NASDAQ-Listed Chinese Firm WeBus Makes $300 Million XRP Treasury Move

“This agreement represents a major step in Webus’s exploration of innovative treasury strategies, though it is important to note that the agreement is structured with a phased implementation approach,” Webus said in the June 2 statement.  Webus also noted that it plans to integrate blockchain into its systems to streamline cross-border settlements and bolster the transparency of its travel booking services.

Webus International Limited (WEBUS) stock finished the day up nearly 15% at a price of $2.82, pushing its weekly gain to nearly 44%. The filing comes as a growing number of public companies explore the crypto-holding playbook first popularized by Michael Saylor’s software firm Strategy. A total of 223 public companies hold Bitcoin, according to BitcoinTreasuries.net, totaling $356 billion worth as of this writing.

Meanwhile, companies are also increasingly imitating Strategy’s playbook and adapting it for other tokens—much like Webus.  Energy-solutions firm VivoPower last week raised more than $100 million to create an XRP-based treasury. Earlier in May, Wellgistics Health announced it would add the asset to its reserves and use it to enable payments.   Similarly, public company Sharplink unveiled last month its plan to establish an Ethereum-based treasury, while DeFi Development Corp. and Upexi have committed to growing their own Solana stockpiles.