🏛️ Webus presents a $300 million XRP treasury plan to the SEC
Details:
Webus has filed with the U.S. Securities and Exchange Commission (SEC) to purchase $300 million worth of XRP as part of an institutional investment treasury plan.
Objectives:
• Diversify treasury assets.
• Use XRP as a means of cross-border payment.
• Strengthen its strategic position ahead of the final settlement with Ripple.
Analysis:
Indicates increasing confidence among institutional companies in XRP as a strategic asset even before the SEC case is resolved.