Singapore-based ride-sharing platform Ryde Group announced a cryptocurrency treasury strategy, investing a portion of its corporate reserves in Bitcoin, Ethereum, and Solana. Specific asset allocation and purchase timing will be determined by the company's governance team. Ryde stated that this move aims to address changes in the macroeconomic environment and enhance the flexibility of its treasury operations. Its crypto assets will be held by a third-party custodian, with the investment committee and risk management committee responsible for portfolio management and compliance oversight, respectively. Ryde has supported Bitcoin as an in-app payment method since 2020. The company's NYSE-listed shares fell more than 13% on Thursday, but are up over 122% year-to-date.🙊🙊🙊
15
13
12
12
9
1March 22, 2026 2.3K
