Ryde Group, a Singapore-based ride-sharing and carpool platform, just like Uber or Lyft, mentioned Wednesday that it has adopted a crypto treasury technique for its company reserve.
The corporate mentioned it would make investments a portion of its company reserves into Bitcoin (BTC), Ether (ETH), and Sol (SOL), with particular allocations and time of buy to be decided by a governance staff at Ryde, in accordance with its announcement.
Ryde cited the “evolving macroeconomic setting” as the rationale for adopting a crypto treasury, and mentioned that the choice to speculate parts of its treasury in digital property provides the corporate extra flexibility in the way it manages its treasury operations.
Ryde’s crypto property will likely be held with a third-party custodian, and the corporate has established an funding committee liable for portfolio administration and a separate threat administration committee liable for funding security and regulatory compliance.
The corporate’s NYSE American-traded shares had been down greater than 13% in early afternoon buying and selling on Thursday, trimming their year-to-date improve of greater than 122%, in accordance with Yahoo Finance.
Cointelegraph reached out to Ryde about its crypto treasury, however didn’t obtain a response by the point of publication.
The corporate began accepting BTC as an in-app fee technique for customers in 2020, and later expanded assist to incorporate some altcoins. Nevertheless, it’s unclear if Ryde nonetheless accepts crypto as an in-app fee technique.
Customers had been in a position to convert accepted cryptocurrencies to Ryde tokens by way of the RydePay pockets to pay for companies on the platform.
Ryde’s choice to undertake a crypto treasury technique comes amid a difficult enterprise setting for digital asset treasury firms, squeezed by falling crypto and share costs.
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Ryde bucks the development by coming into the treasury area because the trade faces challenges
The digital asset treasury sector skilled a a number of internet asset worth (mNAV) collapse in September 2025, which meant many crypto treasury firms began buying and selling under the worth of their crypto holdings.
In February 2026, month-to-month inflows into crypto treasury firms slowed to their lowest ranges since October 2024, dropping to only $555 million for the month.
Throughout the identical month, the board of administrators for GD Tradition Group (GDC), a publicly listed holding firm centered on digital advertising and marketing and AI, approved the corporate to promote parts of its Bitcoin reserve to finance a share repurchase program.
On the identical time, Ether treasury firm BitMine Immersion Applied sciences faces greater than $7.5 billion in paper losses on the time of this writing, as the worth of Ether sits effectively under BitMine’s common acquisition value of about $3,753 in accordance with BitMine Tracker.
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