- Webus International secured a conditional deal for up to US$100M from Ripple Strategy Holdings to expand its XRP payments and blockchain loyalty plans.
- Despite the news, Webus shares dropped over 8% on the day, trading near US$2.05.
- The deal allows flexible drawdowns of US$250K – US$3M per tranche over two years, with CEO Nan Zheng calling it a low-dilution boost for crypto treasury growth.
Webus International has secured a conditional deal to tap up to US$100M (AU$152M) through a senior equity line from Ripple Strategy Holdings, according to an announcement today. The Nasdaq-listed firm, which runs AI-based mobility and chauffeur services, says the capital will back its growing push into XRP-powered payments and blockchain loyalty tools.
Good to recall that Ripple Strategy Holdings remains mostly opaque: it shares a name link to Ripple Labs’ ecosystem but operates independently from the company behind the XRP Ledger (XRPL) and the XRP token.
Related: Trump’s World Liberty Financial and Re7 Capital Forge $10M DeFi Stablecoin Vault Partnership
For some reason, shortly after the announcement, Webus shares dropped over 8% in the day, trading near US$2.05 (AU$3.12), as per data from Google Finance.
Agreement Details
The agreement, still awaiting final regulatory and underwriting sign-off, lets Webus draw down between US$250K (AU$379K) and US$3M (AU$4.56M) per tranche over two years. CEO Nan Zheng framed the commitment as a vote of confidence in Webus’ plan to expand crypto-backed treasury operations without heavy shareholder dilution.
This $100 million facility reflects strong confidence in our long-term XRP strategy. It provides us flexibility to raise capital strategically, only when needed, while minimizing shareholder dilution. We believe this will help us accelerate the growth across North America and Asia-Pacific, and strengthen our leadership in crypto-powered premium mobility.
Nan Zheng, Chief Executive Officer of Webus
Webus already holds a separate digital-asset management deal with a US$300M (AU$456M) mandate for XRP treasury activity. Today’s funding lines up with that strategy, giving the firm flexible capital to push further into blockchain transactions and loyalty networks.
Read more: Crypto Market Holds Steady Amid Fresh Trump Tariff Threat and SOL ETF Rumours
Credit: Source link
