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Chinese Company Moves To Buy $300 Million Worth Of XRP, SEC Filing Shows

  • Chinese company Webus plans to establish a $300 million XRP treasury, as per a recent SEC filing.
  • Webus has signed a digital-asset management agreement and is exploring various financing options for the XRP reserve.
  • Another company, VivoPower, is also working on establishing an XRP Treasury with the help of BitGo.
  • The likelihood of an XRP ETF launching this year has significantly increased, with Polymarket data suggesting a high chance of approval by the SEC.

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