{"id":30421,"date":"2025-06-05T15:01:37","date_gmt":"2025-06-05T15:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30421"},"modified":"2025-06-05T15:01:37","modified_gmt":"2025-06-05T15:01:37","slug":"chinese-company-moves-to-buy-300-million-worth-of-xrp-sec-filing-shows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30421","title":{"rendered":"Chinese Company Moves To Buy $300 Million Worth Of XRP, SEC Filing Shows"},"content":{"rendered":"
\n

Chinese company Webus<\/a> has officially declared its intention to establish a $300 million XRP treasury. The company filed a Form 6-K with the US Securities and Exchange Commission (SEC) detailing the moves it has so far made to create this XRP-focused treasury.\u00a0<\/p>\n

Webus Files Form 6-K For XRP Treasury With US SEC<\/h2>\n

A SEC filing<\/a> shows that Webus has filed the Form 6-K for its XRP treasury with the Commission. The Chinese firm noted the signing of a Delegated Digital-Asset Management agreement with Samara Alpha, aimed at establishing a strategic framework for potential future digital asset treasury<\/a> operations.\u00a0<\/p>\n

Webus last week announced<\/a> that it was exploring a financing strategy of up to $300 million to establish an XRP reserve<\/a> for supporting global payment solutions. The company intends to use available cash reserves, bank lending, shareholder guarantees, and third-party institutional-backed credit facilities from traditional banks to fund this endeavor.\u00a0<\/p>\n

The company further declared that an XRP blockchain integration has the potential to revolutionize how they handle cross-border payments for both partners and travelers worldwide. Besides Webus, Nasdaq-listed VivoPower is another company that is looking to establish an XRP Treasury.\u00a0<\/p>\n

Bitcoinist reported that VivoPower has secured $121 million<\/a> in its bid to become the first public company to execute an XRP-focused treasury and DeFi strategy. As part of its move to achieve this, the company has entered into a strategic partnership with BitGo to facilitate the initial $100 million XRP acquisition for its treasury strategy.\u00a0<\/p>\n

VivoPower will use BitGo as an exclusive over-the-counter (OTC) trading desk to acquire the $100 million XRP tokens. The company will also use the crypto platform for the trading of its XRP holdings through BitGo\u2019s 24\/7 OTC trading desk and holding of its assets through the custody platform.\u00a0<\/p>\n

Odds For An XRP ETF On The Rise<\/h2>\n

Amid these developments, the odds of an XRP ETF<\/a> launching this year have skyrocketed in the past few weeks. Polymarket data<\/a> shows that there is a 92% chance that the SEC approves this ETF before December 31.<\/p>\n

However, this fund is unlikely to be available before the first half of the year ends, as there is only an 18% chance of approval before July 31.\u00a0The XRP ETFs will drive more institutional inflows into the XRP ecosystem, which is bullish for the altcoin\u2019s price.<\/p>\n

\"XRP\"<\/p>\n

Crypto analyst BarriC had previously predicted<\/a> that the altcoin could rally to between $10 and $20 once the ETFs get approved. Grayscale, Bitwise, Canary Capital, 21Shares, Wisdomtree, CoinShares, and Franklin Templeton have all filed to offer an XRP ETF.<\/p>\n

At the time of writing, the XRP price is trading at around $2.18, down over 2.14% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Chinese company Webus has officially declared its intention to establish a $300 million XRP treasury. The company filed a Form 6-K with the US Securities and Exchange Commission (SEC) detailing the moves it has so far made to create this XRP-focused treasury.\u00a0 Webus Files Form 6-K For XRP Treasury With US SEC A SEC filing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30421","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30421"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30421\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}