$XRP Major XRP Move: Nasdaq-Listed VivoPower Launches XRP Treasury Strategy with $121M Backing

While the Bitcoin (BTC) treasury strategy has been widely popularized under the leadership of Michael Saylor and his company MicroStrategy, a bold shift toward Ripple (XRP) has emerged from Nasdaq-listed energy firm VivoPower.

According to a report by CoinDesk, VivoPower has raised $121 million to implement an XRP-focused treasury strategy. The funds will be allocated toward purchasing XRP, establishing XRP-based treasury operations, supporting the XRPL DeFi ecosystem, as well as reducing debt and enhancing working capital.

What sets this move apart is the leadership behind the financing: Saudi Prince Abdulaziz bin Turki Al Saud, a long-time investor in digital assets and a strong supporter of XRP.