Chinese Firm Blinks at $300M XRP Buy — Sec Files Reveal All

by

Chinese Company’s $300 Million XRP Plan: The Great Treasure Hunt or Just Fancy Pie in the Sky? 🧐💸

Webus, a Chinese company with grand ambitions and an even grander wallet, has declared its intent to establish a treasury of XRP worth a staggering $300 million. The details, laid bare in a Form 6-K filed with our beloved SEC, suggest they’re serious—more serious than I am about my weekly laundry.

Webus Files Form 6-K For XRP Treasury With US SEC

This document reveals that Webus has taken the plunge into the digital waters, signing a Digital-Asset Management agreement with Samara Alpha, which sounds like a fancy name for a new coffee blend but is actually their strategy for future digital asset shenanigans. Perhaps they envision themselves as digital pirates, curing all woes with a touch of XRP magic.

They’ve also announced a daring financing plan: using cash reserves, bank loans, shareholder promises, and credit from traditional banks — because what could possibly go wrong? The goal? To support global payments, or at least to keep up appearances on international news.

Webus boldly claims that integrating XRP blockchain could revolutionize cross-border transactions for partners and globe-trotters alike. Next thing you know, they’ll be promising flying cars and eternal youth. Meanwhile, another contender, Nasdaq-listed VivoPower, is also eyeing XRP fame, trying to secure up to $121 million with the help of BitGo. Because nothing says innovation like flashing wallet dreams on the stock exchange.

Odds For An XRP ETF On The Rise

Meanwhile, the rumors of an XRP ETF are spreading faster than gossip at a village fete. According to Polymarket, there’s a 92% chance the SEC will approve this miracle before the year’s end — a figure almost as reliable as my grandmother’s predictions on the weather.

Yet, the likelihood of seeing this ETF before July is a mere 18%, so patience is a virtue—if you believe in miracles, that is. These ETFs might flood the market with institutional money, turning XRP into the star of the financial show. Or at least, that’s what they tell us to keep hope alive.

Crypto prophets like BarriC suggest XRP could skyrocket to $10 or $20 if the ETF gets its official stamp of approval—fingers crossed. Big names like Grayscale, Bitwise, and Franklin Templeton are lining up to make the spectacle even more theatrical.

As I write this, XRP is trading at about $2.18—down a bit, naturally. Because just when you think it can’t go lower, it mysteriously does. Cheers to digital dreams and the hope that someday, perhaps, money will grow on trees—or at least in blockchain code.

Read More

2025-06-05 18:18