$XRP XRP News Today: VivoPower Raises $121M to Become First Public Company with XRP-Focused Treasury
VivoPower International PLC (NASDAQ: VVPR) has secured $121 million in private funding through the sale of 20 million shares. Leading the investment was His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, joined by Adam Traidman—former Ripple board member and CEO of SBI Ripple Asia.
The capital will be used to purchase XRP, making VivoPower the first publicly traded company to adopt XRP as a core treasury asset. The move follows the U.S. SEC’s classification of XRP as a strategic asset, aligning with America’s broader crypto reserve goals.
The investment will also fund DeFi initiatives on the XRP Ledger (XRPL). Prince Abdulaziz emphasized their long-term support of XRP and confidence in VivoPower’s vision to help expand the XRPL ecosystem.
Market Outlook:
VivoPower’s bold XRP strategy is expected to reshape institutional interest in altcoins. XRP demand continues to rise amid growing regulatory clarity. Spot XRP ETFs are also reportedly on the horizon in the U.S.
Despite the news, XRP saw a minor dip—down 3% to $2.26—suggesting the market is factoring in the long-term implications.
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