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Webus Partners with Ripple for Major XRP Investment as Nasdaq Stock Reacts

Webus International Limited, a Nasdaq-listed firm, has announced a groundbreaking funding agreement with Ripple Strategy Holdings, securing up to $100 million to enhance its XRP reserves.

This funding is structured as a senior equity line of credit, allowing Webus to draw between $250,000 and $3 million in tranches over the next two years, pending regulatory approval.

The capital will bolster Webus's strategies aimed at deploying XRP for crypto-enabled payments and blockchain-based loyalty programs, expanding their footprint in North America and the Asia-Pacific region.

Following this announcement, shares of Webus initially skyrocketed by 130%, but later settled around $2.40, indicating investor volatility amid the news.

The CEO of Webus, Nan Zheng, expressed that this credit line showcases confidence in their growth strategy while minimizing share dilution for existing investors.

He emphasized that this investment will accelerate growth and solidify Webus's position in the crypto-powered mobility sector.

Though Ripple Strategy Holdings remains relatively under the radar, its focus on XRP investments aligns with recent trends seen among companies like VivoPower, which has made significant commitments to XRP.

Recently, Ripple's CEO Brad Garlinghouse disclosed that the company plans to withdraw its cross-appeal against the SEC, following a district court ruling that impacts Ripple’s status.

Despite legal challenges, Ripple's chief legal officer reaffirmed the company's operations would continue unaffected, maintaining that XRP does not classify as a security.

Overall, the partnership between Webus and Ripple highlights increasing institutional interest in XRP and the evolving landscape of crypto financing.