Ryde Group, a Singapore-based ride-sharing and carpool platform, said it has adopted a crypto treasury strategy for part of its corporate reserves.
The company said it will allocate a portion of its reserves to Bitcoin (BTC), Ether (ETH) and Solana (SOL), with specific allocations and purchase timing to be decided by Ryde’s governance team, according to its announcement. Ryde cited the “evolving macroeconomic environment” and said the option to invest portions of its treasury in digital assets gives the company greater flexibility in managing treasury operations.
Ryde’s crypto assets will be held with a third‑party custodian. The company has set up an investment committee to oversee portfolio management and a separate risk management committee to handle investment safety and regulatory compliance.
Ryde’s NYSE American‑traded shares fell more than 13% in early afternoon trading on Thursday, trimming a year‑to‑date gain of over 122%, according to Yahoo Finance.
Cointelegraph reached out to Ryde about its crypto treasury but had not received a response by publication.
Ryde began accepting BTC as an in‑app payment method for users in 2020 and later added support for some altcoins. It is unclear whether Ryde still accepts crypto payments. Users could convert accepted cryptocurrencies into Ryde tokens via the RydePay wallet to pay for services on the platform.
The move comes as the digital asset treasury sector faces a challenging environment, with many treasury companies squeezed by falling crypto and share prices. The industry suffered a multiple net asset value (mNAV) collapse in September 2025, with some companies trading below the value of their crypto holdings. In February 2026, monthly inflows into crypto treasury companies slowed to their lowest level since October 2024, dropping to about $555 million.
Around the same time, GD Culture Group’s board authorized selling portions of its Bitcoin reserve to finance a share repurchase program. Ether treasury company BitMine Immersion Technologies is facing more than $7.5 billion in paper losses as Ether trades well below BitMine’s average acquisition price of about $3,753, according to BitMine Tracker.
The total US dollar value held in corporate digital asset treasuries has been declining since November 2025 (source: CoinGecko).
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