VivoPower Secures $19M to Boost XRP Holdings as Corporate Adoption Accelerates

VivoPower International PLC (Nasdaq: VVPR) has raised $19 million in an equity offering, issuing common shares at $6.05 each...

Quick overview

  • VivoPower International PLC raised $19 million in an equity offering, issuing shares at $6.05 each.
  • The funds will be used to purchase XRP for its treasury, highlighting the integration of cryptocurrencies into corporate finance.
  • VivoPower's subsidiary, Caret Digital, plans to scale its mining strategy and convert mined assets into XRP.
  • Other corporations are also investing in XRP, indicating its growing importance as a strategic treasury asset.

VivoPower International PLC (Nasdaq: VVPR) has raised $19 million in an equity offering, issuing common shares at $6.05 each, a premium to the previous close. The company will use the proceeds to buy XRP into its treasury, further proof that cryptocurrencies are becoming a part of corporate finance.

The equity raise was done under SEC registration with a final prospectus, following VivoPower’s previous Regulation S offering. The company said the funds will accelerate its digital asset integration into its balance sheet.

Key points:

  • $19 million raised
  • Shares priced at $6.05, above previous close
  • Proceeds going into XRP treasury

Corporate XRP Treasuries

VivoPower’s announcement aligns with its subsidiary Caret Digital’s mining strategy to scale up with new rigs and convert mined assets directly into XRP. This will secure better acquisition costs and embed XRP into the company’s long term financial structure.

VivoPower has also partnered with Doppler Finance, putting $30 million into XRP yield programs. This can go up to $200 million and test institutional grade treasury management models.

The company sees this as part of its sustainability mission, growing liquidity and adoption of the XRP ledger for broader corporate use.

Global XRP Adoption

VivoPower is not alone. Other corporations are also building their digital treasuries with XRP allocations:

  • Thumzup Media, tied to US political circles, has committed fresh XRP as part of a plan to build one of the largest corporate crypto treasuries.
  • Gumi Inc., a Japanese gaming and blockchain company, approved a 2.5 billion yen ($17M) XRP purchase with SBI to strengthen its position in financial services.
  • A French finance insider bought 17.5 million XRP ($49M) in one transaction, sparking speculation of big industry news.

These moves show XRP is becoming a strategic treasury asset, with corporations and insiders buying in for the long term.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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