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Ethereum News
Ryde Group has adopteda cryptocurrency treasury strategy for its corporate reserves. The Singapore-based ride-sharing and carpool platform made the announcement on Wednesday. The company saidit will allocate a portion of its reserves to Bitcoin, Ethereum, and Solana.
The exact amounts and timing of purchases will be decided by an internal governance team. Ryde said the move gives it more flexibility in managing its corporate finances. The company cited a shifting macroeconomic environment as the primary reason for the decision.
Digital asset holdings will be stored with a third-party custodian. Ryde has set up a dedicated investment committee to oversee portfolio management. A separate risk management committee will handle regulatory compliance and investment safety.
The company’s shares tradeon the NYSE American exchange and fell more than 13% in early afternoon trading on Thursday. That decline trimmed a year-to-date gain that had previously exceeded 122%
Ryde has had a prior relationship with crypto. It began accepting Bitcoin as an in-app payment method in 2020. The platform later expanded support to additional digital assets, and users could convert cryptocurrencies into Ryde tokens through the RydePay wallet.
The decision comes as the broader cryptotreasury sector faces significant headwinds. Monthly inflows into crypto treasury companies fell to $555 million in February 2026. That was the lowest monthly figure recorded since October 2024.
The sector experienced a multiple net asset value collapse in September 2025. As a result, many companies ended up trading below the value of their own crypto holdings. GD Culture Group authorized sales of its Bitcoin reserve in February to fund a share buyback program.
BitMine Immersion Technologies, an Ethereum treasury company, is currently sitting on more than $7.5 billion in paper losses. Ethereum is trading well below BitMine’s average acquisition cost of roughly $3,753. Ryde is entering the space at a time when the sector as a whole is under pressure.
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