VivoPower Raises $121M for World’s First XRP-Focused Treasury in Historic Move

VivoPower, a Nasdaq listed company, has announced the first public company backed XRP Treasury. In a private placement the company raised $121M, becoming the first company to hold digital asset reserves beyond Bitcoin.

The funds were raised by selling 20M shares at $6.05 each. Leading the investment was His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia. This is a big step towards digital assets in mainstream corporate finance.

VivoPower’s Treasury will focus on XRP, the native digital asset of the XRPL blockchain which underpins DeFi solutions. This is in line with industry trends where companies like Sharplink Gaming and Sol Strategies have committed $425M for Ethereum and $1B shelf prospectus for Solana respectively.

Digital Assets in Corporate Reserves

VivoPower’s move reflects growing corporate interest in diversifying reserves with digital assets, particularly those tied to scalable blockchain ecosystems.

Key points of the plan:

• XRP Accumulation: Most of the funds will be used to buy XRP for the Treasury.

• XRPL DeFi Investments: Some of the funds will be used to support XRPL’s ecosystem growth and real world DeFi applications.

• Governance: The deal is subject to shareholder approval which is expected around June 18.

Adam Traidman, former Ripple board member and crypto industry leader will join VivoPower’s Board of Advisors as Chairman. His involvement adds credibility and direction to the XRP Treasury initiative.

Market Impact and Industry Trends

The announcement comes at a time of crypto market correction, XRP is trading at around $2.25 – down 3% in the last 24 hours. Despite the dip XRP is a critical asset in the digital finance landscape.

Industry experts see VivoPower’s move as a potential catalyst for institutional adoption of altcoins. If successful it could be a shift in corporate treasury strategies away from Bitcoin dominance and towards a basket of digital assets.

• Prince Abdulaziz’s Vision: His Royal Highness said XRP is a strategic treasury asset.

• US Government Interest: XRP is speculated to be one of the 5 digital assets included in the proposed Strategic Bitcoin Reserve and Digital Asset Stockpile announced by Donald Trump earlier this year.And