TLDR

VivoPower has raised $121 million to establish the first XRP-focused treasury by a public company.
The company will use most of the funds to acquire XRP and build its digital asset treasury operations.
His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud led the private funding round.
The treasury initiative includes plans to support the development of the XRPL decentralized finance ecosystem.
Adam Traidman, a former Ripple board member, will join VivoPower’s Board of Advisors and invest in the offering.

VivoPower has announced a $121 million fundraise to build the first XRP-focused treasury by a public company. The company plans to use the majority of the funds to accumulate XRP and support its treasury operations. This strategic move marks a significant step toward integrating XRP into real-world decentralized finance solutions.

The treasury initiative is part of VivoPower’s broader effort to support the XRPL ecosystem with a dedicated funding approach. With this launch, the company aims to strengthen XRP’s presence in public market portfolios. This initiative also aligns with expectations that XRP could potentially become part of a U.S. strategic digital asset reserve.

VivoPower disclosed that the private offering raised capital through the sale of 20 million shares at $6.05 each. The company confirmed the participation of key stakeholders, including crypto-focused backers and international financiers. The treasury strategy positions VivoPower as a leader in blockchain integration among public firms.

XRP Acquisition Plan Backed by Royal and Industry Leadership

His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud led the private offering to support VivoPower’s XRP treasury initiative. He acted in his capacity as Chairman of Eleventh Holding Company, based in Saudi Arabia. The fundraising attracted support from other major players in the digital asset ecosystem.

Prince Abdulaziz emphasized XRP’s long-term value and praised VivoPower’s commitment to the XRPL ecosystem in his formal remarks. He confirmed that the offering aligned with long-term objectives to expand blockchain utility across global markets. His backing added credibility and strength to VivoPower’s strategic direction.

Adam Traidman, former Ripple board member, will join VivoPower’s Board of Advisors and invest in the offering. His role will center on overseeing the company’s digital asset initiatives, including the XRP treasury. This addition brings experience in blockchain strategy and governance to the firm.

Market Reaction and Shareholder Approval Timeline

Following the announcement, XRP traded at around $2.25, down over 3% amid a broader market correction led by Bitcoin. Despite the short-term dip, VivoPower maintained its focus on long-term XRP integration and development. The company will proceed based on shareholder approval, scheduled for June 18.

VivoPower confirmed that closing the private offering is contingent upon meeting standard conditions, including shareholder consent. The company outlined its intention to use the funds primarily for XRP accumulation and treasury operations. A portion will also support the development of XRPL’s DeFi infrastructure.

The post XRP in the Spotlight: VivoPower Unveils Bold $121M Treasury Plan appeared first on CoinCentral.

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Filed under: News - @ May 29, 2025 12:23 pm