VivoPower raised $121 million to create a treasury strategy focused on the cryptocurrency XRP.
Saudi Prince Abdulaziz invested $100 million to support the company’s shift toward digital assets.
VivoPower plans to spin off its EV and mining businesses by the end of the third quarter of 2025.
VivoPower International PLC has raised $121 million through a private share placement to launch a new digital treasury model. The energy firm, listed on Nasdaq, will use the funds to build a corporate treasury anchored on XRP, the fourth-largest cryptocurrency by market value.
https://twitter.com/Cointelegraph/status/1927892802987340154 Saudi Prince Leads Investment
Prince Abdulaziz bin Turki Abdulaziz Al Saud led the funding round with a $100 million investment. VivoPower issued 20 million shares at $6.05 each. The price sits slightly above its last market close.
This investment positions VivoPower as the first public company to adopt an XRP-centric treasury model. The company will also fund a decentralized finance development team focused on the XRP Ledger (XRPL).
Shift in Strategic Direction
As part of its new direction, VivoPower will spin off its electric vehicle division, Tembo, and its mining unit, Caret Digital. These spin-offs are expected to complete by the end of the third quarter of 2025.
The firm’s board has appointed Adam Traidman as Chairman of its newly formed Board of Advisors. He brings experience from prior roles at Ripple and other blockchain ventures. Traidman also participated in the funding round as an investor.
Stock Reaction and Market Activity
Following the announcement, VivoPower shares rose sharply. The stock climbed as much as 26% before settling. At the time of reporting, shares traded at $6.75, up 12.75% from the previous close.
VivoPower plans to use part of the funding to reduce its debt. The remainder will cover operational expenses and fund blockchain-related initiatives.
Deal Structure and Approval
Chardan acted as the sole placement agent for the offering. The shares were sold under Regulation S, which allows offerings to non-U.S. investors without registration with the U.S. Securities and Exchange Commission.
The deal still requires shareholder approval. A meeting is scheduled for June 18, 2025, to finalize the transaction.
Future Plans and Acquisition Review
The company is also reviewing an acquisition proposal from Energi Holdings Limited. Due diligence is currently underway.
VivoPower aims to become a model for digital treasury operations built around XRP. The firm sees this as a key move toward financial innovation within the public market sector.
By aligning with XRP, the company seeks to support decentralized finance while expanding shareholder value. The initiative reflects a strategic pivot and positions VivoPower at the intersection of energy and digital finance.
