Webus Secures $100M Equity Line to Expand XRP Crypto Treasury Strategy

Webus secures a $100 million equity line to fund XRP-focused treasury expansion, crypto payments, and blockchain-based customer programs.

Drawdowns between $250,000 and $3 million will be available over 24 months based on market conditions and internal capital strategy.

CEO Nan Zheng confirms the facility supports global expansion across North America and Asia-Pacific while reducing shareholder dilution risk.

Webus International Limited has secured a conditional agreement with Ripple Strategy Holdings for a $100 million equity line to strengthen its XRP-focused treasury operations.

Equity Facility to Support XRP-Based Growth Initiatives

Webus (NASDAQ: WETO), a global provider of AI-driven chauffeur services, has signed a Securities Purchase Agreement with Ripple Strategy Holdings. The arrangement grants Webus access to up to $100 million in equity capital over 24 months. Subject to regulatory and underwriter approval, Webus can draw between $250,000 and $3 million per tranche based on capital requirements and market conditions. The facility is designed with shareholder-friendly terms and downside protection.

This agreement embodies a strategic initiative by Webus to put a treasury strategy based upon XRP into motion. Funding from this facility will be used to fund crypto-directed payments, blockchain loyalty programs, and additional global expansion efforts. The company is leaning into XRP as a core foundation in its servicing and payment processes.

CEO Emphasizes Strategic Flexibility and Expansion Goals

CEO Nan Zheng said, “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.” He added that the company is focused on expanding operations across North America and Asia-Pacific using this capital.

Execution of the agreement is subject to specific conditions. These include the effectiveness of a resale registration statement filed with the SEC and written approval from the company’s lead underwriter. Once cleared, Webus will activate the drawdown process and allocate funds accordingly.

This agreement underlines Webus’s broader objective to lead in crypto-enabled mobility services. The collaboration with Ripple Strategy Holdings signifies an operational shift toward deeper blockchain integration within the company’s business model.

The post Webus Secures $100M Equity Line to Expand XRP Crypto Treasury Strategy appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.