VivoPower Secures $121M for XRP Treasury Strategy
Nasdaq-listed VivoPower has announced a $121 million private placement to fund the launch of an XRP-focused digital asset treasury strategy. This move positions VivoPower to potentially become the first publicly traded company to adopt XRP as its primary treasury reserve asset.
The strategy mirrors the approach made famous by Michael Saylor, which involves raising capital to acquire digital assets for corporate treasuries. Saylor’s method led to his firm becoming the largest corporate holder of Bitcoin, inspiring other global companies to explore similar paths.
While Bitcoin remains the top choice for most publicly traded firms entering the digital asset space, some newcomers — like DeFi Development and SharpLink Gaming — have recently allocated funds toward Solana and Ethereum, respectively.
VivoPower’s private placement was priced at $6.05 per share, exceeding the last market closing price in accordance with NASDAQ rules, underscoring strong investor confidence in the company’s strategic shift.
