Ryde Group said it will allocate part of its corporate reserves to Bitcoin, Ethereum and Solana, with its governance team set to determine purchase timing and exact allocation details.
Ryde Group, a Singapore-based ride-hailing platform, announced a crypto treasury strategy under which part of its corporate reserves will be allocated to Bitcoin, Ethereum and Solana. The company said its governance team will decide the exact allocation and timing of any purchases. Ryde shares fell more than 13% on Thursday following the announcement, though the stock remained up more than 122% year to date.