XRP News Today: VivoPower Secures $121 Million for XRP-Focused Treasury Strategy

VivoPower International PLC, a publicly traded company listed on the NASDAQ, has announced a significant strategic move by securing $121 million through the sale of 20 million ordinary shares. This substantial private funding is aimed at positioning VivoPower as the first publicly traded company with an XRP-focused treasury strategy. The funding round was led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, with other investors including Adam Traidman, former Ripple board member and CEO of SBI Ripple Asia. The capital raised was led by His Royal Highness, Prince Abdulaziz of Saudi Arabia, who invested $100 million. The deal requires shareholders approval, with the next meeting scheduled on June 18, 2025.

The announcement marks a pivotal moment for VivoPower, as it transitions its business model to integrate XRP, a digital asset known for its speed and low transaction costs. By allocating a significant portion of its treasury to XRP, VivoPower aims to leverage the cryptocurrency's potential for efficient cross-border payments and financial transactions. This move is part of a broader trend in the corporate world, where companies are increasingly exploring the use of digital assets to enhance their financial operations and strategic initiatives.

The $121 million raised will be instrumental in supporting VivoPower's XRP-focused strategy, enabling the company to invest in the necessary infrastructure and technology to facilitate the seamless integration of XRP into its treasury operations. This initiative is expected to not only diversify VivoPower's asset portfolio but also position it at the forefront of the digital asset revolution. The company's decision to adopt an XRP-centric treasury strategy reflects a forward-thinking approach, aligning with the growing acceptance and adoption of cryptocurrencies in the global financial landscape.

The rising demand for XRP by institutional investors has helped the altcoin gain more bullish sentiment in recent times. Furthermore, XRP is well-positioned to grow exponentially in the coming months, especially with the imminent closure of the Ripple vs SEC case. In addition to investing directly in XRP, the newly created fund will also support DeFi projects on the XRPL chain. “We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem,” Prince Abdulaziz noted.

The imminent implementation of the XRP treasury fund by VivoPower will play a crucial role in the altcoins market structure ahead. Furthermore, the overall demand for XRP by institutional investors has significantly increased in the recent past following the crypto regulatory clarity in the United States. Several fund managers are seeking to offer spot XRP ETFs in the United States, which is highly anticipated to be approved by the end of this year. From a technical analysis standpoint, XRP price did not react immediately to the announcement, as the impact is ultimately long-term. The large-cap altcoin, with a fully diluted valuation of about $225 billion, dropped around 3 percent today to trade about $2.26 on Wednesday, during the late North American session.