Nasdaq-listed VivoPower To Buy and Hold XRP After Saudi Prince Met with Trump

Specifically, the company raised $121 million in a private placement led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. The shares were at $6.05, above their last Nasdaq closing.

According to the press statement, the capital will go toward acquiring and holding XRP and establishing a dedicated digital asset treasury. Additionally, the company plans to build a decentralized finance (DeFi) team, reduce corporate debt, and expand its blockchain infrastructure.

This marks a significant moment for institutional XRP adoption and mirrors MicroStrategy’s Bitcoin-focused playbook.

Royal Backing After Strategic Talks with Trump

Interestingly, the deal follows Prince Abdulaziz’s recent meeting with U.S. President Donald Trump and his group during a visit to Saudi Arabia. The timing coincides with talks that XRP could be one of the five crypto assets in Trump’s proposed United States Digital Asset Stockpile

Further strengthening the XRP strategy, Adam Traidman, an ex-Ripple board member, has joined VivoPower’s Board of Advisors as chairman. Traidman also participated in the investment round.

He called the move a forward-looking step that reflects growing institutional conviction in XRPL’s real-world use cases, setting XRP up for deeper integration in financial infrastructure.#SaudiRippleDeal