VIVOPOWER TO BUILD XRP DIGITAL TREASURY WITH $121M FUNDING ROUND

- Nasdaq-listed energy firm VivoPower (VVPR) is raising $121 million to launch a digital asset treasury centered on $XRP—the fourth-largest crypto by market cap.

- $100M of the round is backed by Prince Abdulaziz bin Turki Al Saud, chair of Eleventh Holding Co.

- A total of 20 million shares will be issued at $6.05 each, slightly above market close.

- The capital will fund XRP accumulation and help build out the XRP Ledger’s DeFi ecosystem, aiming to make VivoPower the first publicly listed XRP-centric treasury firm.

- The deal still requires shareholder approval, with a vote scheduled for June 18, 2025.

- It also depends on stable market conditions—any major changes or delisting risks could derail the closing.

- This move mirrors Michael Saylor’s BTC play at MicroStrategy—only this time, it’s XRP leading the charge.

- VivoPower also becomes a rare case of public XRP alignment, as many corporations still lean toward BTC and ETH.

- Meanwhile, former SBI Ripple Asia exec Adam Traidman joins as chairman of the board of advisors, signaling strong ties with Ripple and the XRPL community.