Webus Stock Soars on $300M XRP Bet—Because What Could Go Wrong?
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Chinese conglomerate Webus just made Wall Street's eyebrows hit the ceiling—its shares skyrocketed after filing plans to park a cool $300 million in XRP as a 'strategic reserve.' Because nothing says 'stable growth' like betting eight figures on a crypto that still gives SEC lawyers nightmares.
The move reeks of either genius or desperation—take your pick. On one hand, it's a bold play for Webus to diversify beyond traditional assets. On the other, it's the financial equivalent of tightrope-walking during a hurricane. But hey, at least they filed the paperwork properly this time.
Market reaction? Predictably euphoric. Because when has chasing volatile crypto pumps ever backfired? *Cough* Luna *cough*.
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