Chinese company has a chance on the Moon with $ 300 million XRP game

A travel booking company established in China has told the American supervisors that his plans to establish a $ 300 million XRP Treasury-a business strategy game that has become all anger under a small harvest of public companies after a recent revival in the cryptocurrency market, despite Clear risks.

Webus International submitted a form 6-K on Tuesday to the Securities and Exchange Commission with details about its plans to add the Ripple-linked XRP token to the balance sheet. The Nasdaq-Genten company has concluded an agreement with investment adviser Samara Alpha Management to facilitate the establishment of his XRP treasure box, according to the submission.

XRP is traded at $ 2.21, about 3% decrease in the last 24 hours, but in the past year by 320% more than 320%, Coingecko facts Shows. XRP rose in value at the end of last year after the election of President Donald Trump, who in the process of almost his all time in the trial in the process.

A form 6-K is a legal submission that informs American investors when a foreign company issues public statements to investors in his home country. The submission of Webus includes two press releases, published by the company on 29 May and 2 June respectively.

“This agreement is an important step in the exploration of webus from innovative treasury strategies, although it is important to note that the agreement is structured with a phased implementation approach,” Webus said In the statement of 2 June.

Webus also noted that it is planning to integrate blockchain into its systems to streamline cross -border settlements and to strengthen the transparency of his travel booking services.

Webus International Limited (Webus) shares finished almost 15% at a price of $ 2.82, which pushed its weekly profit to almost 44%.

The submission comes when a growing number of public companies explore the crypto-retaining Playbook that is first popularly popular by Michael Saylor’s software company Strategy. Bitcoin have a total of 223 public companies, according to Bitcointreasuries.netWorth a total of $ 356 billion from this letter.

In the meantime, companies are also increasingly imitating the playbook of the strategy and adapt it for other tokens – a lot like Webus.

Energy solution company VIVOPOWER raised more than $ 100 million last week to create an XRP-based treasure chest. Earlier in May, Wellgistics Health announced It would actively add and use it to his reserves to make payments possible.

Likewise, Public Company Sharplink Last month his plan revealed to one Ethereum-Based treasure chest while Defi Development Corp. And Upexi have promised to grow their own Solana Stocks.

The wave of interest in cryptocurrencies as reserve baths comes when trading with digital assets has experienced a stunning – but turbulent – conviction in recent months.

Bitcoin recently traded slightly less than $ 105,000, an increase of 49% in the past year, Coingecko facts Shows. The Token reached an all time of almost $ 112,000 on May 22.

In the meantime, the total capitalization of the cryptocurrency market has increased almost 12% in the past three months, with different prominent altcoins that act higher in the same period, according to the same data provider.

Published by Andrew Hayward