Institutional Adoption Wave Rocks Ripple’s XRP After Chinese Firm Targets $300 Million XRP Treasury

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Institutional Adoption Wave Rocks Ripple’s XRP After Chinese Firm Targets $300 Million XRP Treasury

Chinese travel and mobility conglomerate Webus International filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) on June 2 to formally disclose its plans to establish a $300 million XRP treasury.

The move marks one of the largest crypto treasury bids by a public Chinese company to date and signals rising institutional interest in XRP amid growing demand for borderless payment systems.

Notably, the SEC reveals a strategic partnership with Samara Alpha Management, which will advise Webus on the phased implementation of the XRP treasury.

 According to the company, the allocation will be funded through non-equity financing, including commercial bank loans, internal cash reserves, and institutional credit lines—preserving shareholder value by avoiding share dilution.#xrp #Xrp🔥🔥