Webus International Limited, a supplier classified as Nasda of Mobility and Driving Services focused on AI, announced on Wednesday that it had obtained a conditional securities purchase agreement with Ripple Strategy Holdings for maximum funding of $ 100 million to acquire XRP.
The main dishes to remember:
- Webus obtained up to $ 100 million in funding to support its XRP cash plans.
- The company has set a term of $ 300 million for XRP operations, aimed at extending cryptographic payment and loyalty programs.
- Webus shares increased by 130% on news before adjusting around $ 2.40.
The senior capital line of equity will allow Webus to access tranches ranging from $ 250,000 to $ 3 million over a period of 24 months, pending regulatory approvals.
Webus said funding will support its XRP cash strategy, including crypto payments, loyalty-based loyalty programs and expansion on the main markets in North America and Asia-Pacific.
Webus fixes $ 300 million Mandate for XRP Treasury
The announcement comes in Webus’ heels establishing a delegated digital asset management agreement with a mandate ceiling of up to $ 300 million for XRP cash operations.
Webus’ shares initially jumped 130% after the news, but retired later, the trading scholarship around $ 2.40 at the time of the press, according to Yahoo Finance.
Webus CEO Nan Zheng described the agreement as a strong vote of trust in the company’s approach, noting that the flexible structure of the credit line allows Webus to lift capital if necessary while limiting dilution for existing shareholders.
“We think this will help us accelerate growth through North America and Asia-Pacific, and strengthen our leadership in premium mobility fueled by crypto,” said Zheng.
While Little is known publicly on Ripple Strategy Holdings, its name suggests an emphasis on investments linked to XRP.
The entity is not affiliated with Ripple Labs, the company behind the Ledger XRP and the XRP token.
Webus + Ripple = $ 100 million XRP Powerplay
The Chinese technology company Webus has just loaned up to $ 100 million in Ripple Strategy Holdings to feed its XRP cash strategy.$ XRP is not only a survivor, it fits quietly. pic.twitter.com/ei8ppdvjvn
– John Squire (@thecryptosquire) July 2, 2025
In May, Vivopower also invested $ 121 million in XRP as a strategic reserve, making it the first company in the world with a Treasury focused on XRP.
Later, on June 11, Vivopower, a listed company on the stock market, announced a partnership with the Flare blockchain to generate a return from its XRP holdings.
Ripple falls into transverse intervention against dry to resolve the case
Last week, the CEO of Ripple, Brad Garlinghouse, revealed that the company would withdraw its call to the dry, adding that the regulator should also abandon its own call.
The announcement follows a decision of the American district court rejecting a joint request from Ripple and the SEC to reduce the civil sentence of $ 125 million in Ripple and cancel the decision that classified the institutional sales of XRP of RIPPLE as transactions in securities.
In her decision, judge Analisa Torres noted the provision of Ripple to “push the limits” of the previous summary judgment, suggesting a risk of future violations.
Ripple’s legal director Stuart Alderoty said the company had faced a choice between dropping the call or continuing to challenge the conclusion.
He stressed that, whatever the decision, “XRP’s legal status as security remains unchanged” and assured that Ripple’s commercial operations would continue as usual.
The Webus listed by Post Nasdaq secures the 100 million dollars credit line in the Ripple strategy to increase XRP reserves appeared first on Cryptonews.
