Singaporean ride-hailing app Ryde to buy BTC, ETH, SOL

Singapore-based ride-hailing software firm Ryde has announced the adoption of a cryptocurrency accumulation strategy. According to Cointelegraph, the company plans to invest a portion of its reserves in BTC, ETH, and SOL, with the specific allocation and purchase timing to be determined by its governance. Ryde explained that the decision was made amid a changing macroeconomic environment, adding that the option to invest a portion of its financial assets in crypto provides greater flexibility in managing its corporate financial operations.