Singapore-based ride-hailing and carpool platform Ryde Group announced it will allocate a portion of its corporate reserves to digital assets, adopting a crypto treasury approach for part of its balance sheet.
Ryde said the allocations will include Bitcoin (BTC), Ether (ETH) and Solana (SOL). Exact sizing and purchase timing will be determined by the company’s governance team. Ryde framed the move as a response to an “evolving macroeconomic environment,” saying digital assets could give the company greater flexibility in managing treasury operations.
The company will custody its crypto holdings with a third-party provider. It has also created an investment committee to oversee portfolio decisions and a separate risk management committee to address investment safety and regulatory compliance.
Ryde’s NYSE American-listed shares fell more than 13% in early afternoon trading on Thursday, trimming a year-to-date gain that had exceeded 122%, according to Yahoo Finance. Cointelegraph said it reached out to Ryde for comment but had not received a response by publication.
Ryde first started accepting Bitcoin as an in-app payment option in 2020 and later added some alternative coins. It is not clear whether the company still accepts crypto payments. Previously, users could convert supported cryptocurrencies into Ryde tokens via the RydePay wallet to pay for services on the platform.
The announcement comes as the corporate crypto treasury sector faces pressure. Many companies have been squeezed by falling crypto prices and declining share values; the sector saw a multi-name net asset value (mNAV) collapse in September 2025, with some firms trading below the value of their crypto holdings. Monthly inflows into crypto treasury companies slowed in February 2026 to about $555 million, the lowest level since October 2024.
Other corporate moves in recent months highlight the strain: GD Culture Group’s board authorized selling parts of its Bitcoin reserve to fund a share buyback, and Ether-focused BitMine Immersion Technologies is reported to be carrying more than $7.5 billion in paper losses as Ether trades well below BitMine’s average acquisition price of roughly $3,753, according to BitMine Tracker. Overall, the U.S. dollar value held in corporate digital asset treasuries has been falling since November 2025, per CoinGecko data.
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