Massive XRP Move from Chinese Company – “300 Million Dollar Treasury…”

Webus International Limited, a global mobility company providing artificial intelligence-enabled services, has taken an important step within the scope of its digital asset treasury strategy. The company announced that it has signed a Delegated Digital Asset Management Agreement with Samara Alpha Management, a top-tier investment advisor registered with the U.S. Securities and Exchange Commission (SEC), that includes authority to manage up to $300 million worth of XRP treasuries. Under the agreement, Samara Alpha will become Webus’ sole digital asset manager, with a cap of $300 million. This strategic structure aims to provide institutional-grade infrastructure and expertise for future digital asset operations, particularly in the area of XRP-focused treasury management. Related News: Experienced Analyst Shares New Weekly Forecasts for Bitcoin (BTC) Price However, the agreement is designed to be phased in. The management authority will only become active when Webus transfers digital assets to designated custodial wallets. As of this announcement, no asset transfers have been made and no investment activities have been initiated. Webus CEO Nan Zheng made the following statement on the matter: “This agreement creates a trusted structure for our future digital asset management. As we continue to evaluate innovative approaches to treasury management, establishing this structure with a regulated, institutional-grade partner provides us with strategic flexibility. Samara Alpha’s disciplined approach gives us the confidence to deploy this mandate when our needs and finances align.” *This is not investment advice. Continue Reading: Massive XRP Move from Chinese Company – “300 Million Dollar Treasury…”

Source: BitcoinSistemi