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BTCC / BTCC Square / Coindesk /
Chinese Tech Firm Webus Sees Stock Surge After SEC Files for $300M XRP Reserve Play

Chinese Tech Firm Webus Sees Stock Surge After SEC Files for $300M XRP Reserve Play

Author:
Coindesk
Published:
2025-06-04 14:15:34
17
1

Chinese Firm Webus' Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve

Wall Street's latest crypto twist: A little-known Chinese firm just rode the XRP wave to a market cap bump. Webus shares skyrocketed after dropping an SEC filing revealing plans to park $300 million in Ripple's embattled token—because nothing says 'strategic reserve' like betting on the crypto that regulators love to hate.

The move reeks of either genius-level timing or desperation liquidity theater. Either way, traders are biting—proving once again that in crypto, even the most questionable corporate stunts can move markets faster than a Fed chairman's frown.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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