Ryde Group announced its strategy to hold Bitcoin, Ether, and Solana just as Capital inflows into cryptocurrency asset holding companies hit a Dip of $555 million, causing its stock to immediately drop more than 13%.
Ryde Group, the ride-hailing and ride-sharing platform listed on the NYSE American, announced on Wednesday that it is adopting a strategy of holding cryptocurrency as a reserve for corporate Capital , with a portfolio including Bitcoin, Ether, and Solana.
The Singapore -based company cited a “changing macroeconomic environment” and the need for greater flexibility in fund management as drivers for this decision. The specific allocation and timing of purchases will be determined by the internal governance department, with assets held in custody with a third party and two separate committees responsible for investment and risk management.
The market reacted negatively immediately: Ryde shares fell more than 13% in early Thursday afternoon trading, significantly erasing gains of over 122% year-to-date. This reaction reflects investor caution toward a strategy in which the industry is undergoing a severe testing phase, not a golden age.
Entering at the right time as the cryptocurrency safe-haven market loses momentum.
Ryde's timing for making the decision couldn't have been more opportune, considering industry indicators. In February 2026, monthly Capital into crypto asset holding companies fell to their lowest level since October 2024, reaching just $555 million.
The net worth index of many companies holding crypto assets has declined since September 2025, leaving many companies trading below the intrinsic value of the crypto assets they own—a paradox that negates the entire financial logic of the holding strategy.
Specific cases within the industry further reinforce the bleak picture. In February, GD Culture Group had to sell part of its Bitcoin reserves to fund a share buyback program, a sign of liquidation pressure rather than a proactive strategy.
BitMine Immersion Technologies, an Ether holding company, is currently incurring unrealized losses of over $7.5 billion as the price of Ether is significantly lower than the company's Medium purchase price of approximately $3,753.
Ryde is not a complete newcomer to the cryptocurrency space: the company has accepted Bitcoin as a payment method since 2020 and later expanded to several altcoins, allowing users to convert crypto assets into RydePay Token to pay for services on the platform.
However, the gap between accepting crypto assets as a means of payment and holding crypto assets as corporate reserve assets is vast in terms of risk, and Ryde is taking that leap at a time when many pioneers are already experiencing setbacks.
