

VivoPower International PLC (NASDAQ: VVPR) Raises $121M From Selling 20M Ordinary Shares to Purchase XRP as Treasury Asset
May 29, 2025 am 10:56 AMThe deal requires shareholders approval, with the next meeting scheduled on June 18, 2025. The rising demand for XRP by institutional investors has helped the altcoin gain more bullish sentiment in recent times.
The capital was raised and led by His Royal Highness, Prince Abdulaziz of Saudi Arabia, who has invested $100 million.
The deal, which requires shareholders approval, will be discussed at the next meeting on June 18, 2025.
The rising demand for XRP from institutional investors has helped the altcoin gain more bullish sentiment in recent times.
VivoPower International (NASDAQ:VVPR) announced that it has raised $121 million by selling 20 million ordinary shares. According to the announcement, the funds were largely provided by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, with other investors including Adam Traidman, former Ripple board member and CEO of SBI Ripple Asia.
The company intends to use the funds to purchase XRP, making it the first publicly traded company to adopt a cryptocurrency as its treasury management asset. The company’s decision was influenced by the U.S. SEC's announcement that XRP is a strategic asset which will help the U.S. implement its strategic Bitcoin reserve plan in the near future.
Moreover, XRP is poised for exponential growth in the coming months, especially with the imminent closure of the Ripple vs SEC case. In addition to investing directly in XRP, the newly created fund will also support DeFi projects on the XRPL chain.
“We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem,” Prince Abdulaziz said.
Impact On XRP Market
The imminent implementation of the XRP treasury fund by VivoPower will play a crucial role in the altcoins market structure going forward. Moreover, the overall demand for XRP from institutional investors has risen rapidly in recent times following crypto regulatory clarity in the U.S.
As Coinpedia reported earlier, several fund managers are applying to launch spot XRP ETFs in the U.S., which are highly expected to be approved by the end of this year.
From a technical analysis perspective, XRP price did not react immediately to the announcement, as the impact is ultimately long-term. The large-cap altcoin, which has a fully diluted valuation of about $225 billion and a 24-hour average trading volume of around $2 billion, dropped about 3 percent on Wednesday to trade at about $2.26, during the late North American session.
News data source: kdj.com
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