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XRP (XRP) — Onchain News & Whale Tracking

Real-time XRP whale movements, exchange flows and onchain findings tracked by Lookonchain. 361 updates and counting.

2025.07.01 22:56

U.S. Stock Listed Company Webus Secures $100 Million Ripple Line of Credit for XRP Treasury Building

On July 1st, as per the report from globenewswire, the U.S.-listed mobile ride-hailing service provider Webus International Limited (WETO) has entered into a conditional securities purchase agreement with Ripple Strategy Holdings. This enables it to obtain a credit line of up to $100 million in preferred stock. Once the registration statement is made effective by the U.S. Securities and Exchange Commission (SEC) and approved by the company's existing underwriters, the $100 million commitment will be disbursed at the company's discretion over a period of 24 months. Each drawdown amount will range from $250,000 to $3 million, depending on market conditions and capital requirements. On May 30th, Webus International Limited announced that it is in the process of exploring a financing strategy of up to $300 million with the aim of establishing an XRP reserve through diversified non-equity financing instruments.

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