Publicly-Traded VivoPower Pivots to XRP with $121 Million Treasury Initiative
The post Publicly-Traded VivoPower Pivots to XRP with $121 Million Treasury Initiative appeared on BitcoinEthereumNews.com. VivoPower International PLC (VVPR) has announced a $121 million private capital raise to establish a crypto treasury focusing on XRP. Unlike the many firms that have gravitated toward Bitcoin, VivoPower is breaking new ground by becoming the first company to build its treasury strategy around XRP, the fourth-largest cryptocurrency by market cap. Nasdaq-listed VivoPower makes bold move with XRP-centric crypto treasury The capital raise, priced at $6.05 per share, was led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia, who contributed a significant $100 million through Eleventh Holding Company. Other digital asset investors and institutions also participated, including the investment office of VivoPower Chairman Kevin Chin. The placement price sits just above the previous closing price of $6.04, underscoring investor confidence in the company’s new direction. The news of the Vivopower selling 20,000 of its ordinary shares to raise funds to become an XRP digital asset treasury strategy is remarkable. Vivopower intends to raise $121 million. It plans to spend 62% of this sum on accumulating XRP. That is a lot of XRP/1 pic.twitter.com/c3sm21PNYr — bill morgan (@Belisarius2020) May 29, 2025 VivoPower intends to use the majority of the funds to accumulate XRP and support the XRP Ledger (XRPL) decentralized finance ecosystem. This includes initiatives targeting real-world blockchain applications such as cross-border payments—a key interest area for the company, especially given its international business operations. Executive Chairman Kevin Chin commented: “We all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike.” As part of the strategic overhaul, Adam Traidman, a former Ripple board member and co-founder of several blockchain ventures, has joined VivoPower’s Board of Advisors as Chairman. Traidman noted that the move demonstrates…
The post Publicly-Traded VivoPower Pivots to XRP with $121 Million Treasury Initiative appeared on BitcoinEthereumNews.com.
VivoPower International PLC (VVPR) has announced a $121 million private capital raise to establish a crypto treasury focusing on XRP. Unlike the many firms that have gravitated toward Bitcoin, VivoPower is breaking new ground by becoming the first company to build its treasury strategy around XRP, the fourth-largest cryptocurrency by market cap. Nasdaq-listed VivoPower makes bold move with XRP-centric crypto treasury The capital raise, priced at $6.05 per share, was led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia, who contributed a significant $100 million through Eleventh Holding Company. Other digital asset investors and institutions also participated, including the investment office of VivoPower Chairman Kevin Chin. The placement price sits just above the previous closing price of $6.04, underscoring investor confidence in the company’s new direction. The news of the Vivopower selling 20,000 of its ordinary shares to raise funds to become an XRP digital asset treasury strategy is remarkable. Vivopower intends to raise $121 million. It plans to spend 62% of this sum on accumulating XRP. That is a lot of XRP/1 pic.twitter.com/c3sm21PNYr — bill morgan (@Belisarius2020) May 29, 2025 VivoPower intends to use the majority of the funds to accumulate XRP and support the XRP Ledger (XRPL) decentralized finance ecosystem. This includes initiatives targeting real-world blockchain applications such as cross-border payments—a key interest area for the company, especially given its international business operations. Executive Chairman Kevin Chin commented: “We all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike.” As part of the strategic overhaul, Adam Traidman, a former Ripple board member and co-founder of several blockchain ventures, has joined VivoPower’s Board of Advisors as Chairman. Traidman noted that the move demonstrates…
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