US EditionXRP News: VivoPower (VVPR) Raises $121M for XRP Crypto Treasury Strategy With Saudi Backing
- On May 30, 2025, Nasdaq-listed VivoPower International PLC announced it raised around $121 million through a private share placement led by a prominent Saudi royal, Prince Abdulaziz, Chairman of Eleventh Holding Company.
- The capital raise comes as VivoPower shifts its strategic direction to primarily manage and hold XRP digital assets, with plans to separate its current operating subsidiaries.
- VivoPower plans to use most of the funds to accumulate XRP and invest in building out the XRPL decentralized finance ecosystem, while also reducing debt and funding corporate needs.
- Prince Abdulaziz emphasized that they have been involved in the digital assets space for over ten years and have maintained a significant XRP position throughout. Meanwhile, Kevin Chin expressed enthusiasm about their aligned vision to expand a publicly traded treasury company focused on XRP for the benefit of both the XRP community and VivoPower stakeholders.
- The placement is subject to shareholder approval expected around June 18, 2025, and reflects growing institutional support for XRP and blockchain applications amid an SEC review of an XRP ETF.
26 Articles
26 Articles
VivoPower Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules
Capital raise led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia Adam Traidman, former Ripple board member and CEO of...
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VivoPower Fuels XRP Momentum with $121 Million Crypto Treasury Initiative - Crypto News Flash
VivoPower International has announced that it has raised $121 million in a private share placement to launch an XRP treasury strategy. The Company intends to use the funds to contribute and invest in the XRPL DeFi ecosystem to reduce debt and for general corporate purposes. Since MicroStrategy made headlines in 2020 by making Bitcoin its primary treasury reserve asset, other companies have gradually followed suit. That move helped set a trend, a…
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