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XRP 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.
27 Articles
27 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...
The U.S. President probably promoted Krypto successfully in Saudi Arabia. Why now even a prince is betting on Ripple and starting an ambitious XRP strategy. Source: BTC-ECHO BTC-ECHO
XRP's Corporate Treasury Surge Sparks Debate on Its Role Beyond Bitcoin
Corporate Adoption of XRP Signals Strategic Shift in Crypto Treasury Management XRP has recently garnered attention as two companies, VivoPower and Webus, announced plans to incorporate the cryptocurrency into their corporate treasuries. VivoPower, a Saudi clean energy firm, and Webus, a Chinese ride-hailing startup, collectively invested $421 million in XRP. This move indicates a potential shift in how corporations approach crypto assets, looki…
IMF Confirms R3 Using XRP
A February 2024 departmental paper from the International Monetary Fund (IMF), titled “Rise of Digital Money: Implications for Pacific Island Countries”, has come under renewed attention following a tweet from a digital asset researcher known as SMQKE. The post highlights a specific reference within the IMF’s report that connects the R3 enterprise blockchain platform to the XRP Ledger, stating that the IMF explicitly confirmed that “R3 is based …
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