Nasdaq-listed VivoPower Worldwide PLC has secured a $121 million Regulation S non-public placement that can fund what it calls the world’s first publicly traded XRP-centric company treasury, a transfer spearheaded by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, whose Eleventh Holding Firm dedicated roughly $100 million to the spherical.
VivoPower Bets On XRP
Within the subscription agreements, traders bought 20 million new unusual shares at $6.05—one cent above the earlier shut—giving VivoPower a direct money place that Govt Chairman Kevin Chin described as “transformational.” The prince’s verify is the biggest single outlay but disclosed for an on-balance-sheet XRP reserve and vaults the London-headquartered sustainable-energy agency into digital-asset historical past as “the primary public firm executing on an XRP-focused treasury and DeFi technique,” in response to the corporate’s assertion.
“Now we have been traders within the digital-asset sector for a decade and have been long-term holders of XRP,” Prince Abdulaziz mentioned. “Having met with President Trump and his management group throughout their latest go to to Saudi Arabia, we imagine the timing is acceptable for digital property and blockchain know-how to be rolled out within the Kingdom and we’re delighted to be aiding VivoPower on this regard.”
Chin, himself an early adopter, informed shareholders the inflow “permits us to scale a publicly listed XRP-focused treasury firm for the advantage of the neighborhood and VivoPower stakeholders alike,” including that potential ledger-based fee rails might ease cross-border frictions confronted by the agency’s electric-vehicle unit Tembo and power-to-X subsidiary Caret Digital.
Former Ripple board member and SBI Ripple Asia co-founder Adam Traidman, who joined VivoPower as chair of a brand new advisory board and invested personally within the placement, known as the initiative “a forward-thinking transfer that displays rising institutional conviction in real-world blockchain functions.”
The corporate intends to deploy “the bulk” of proceeds to build up the token and to seed decentralized-finance tasks on the XRP Ledger. Remaining funds will reduce debt and provide working capital forward of deliberate spin-offs of Tembo and Caret Digital, each focused for completion earlier than the top of the third quarter. Closing of the position awaits a shareholder vote scheduled for 18 June 2025 and different customary situations.
VivoPower highlighted language within the March White Home government order establishing a Strategic Bitcoin Reserve and US Digital Asset Stockpile, contending that XRP “is anticipated to be considered one of 5 digital property that will likely be gathered by the US Authorities as a part of President Donald Trump’s not too long ago introduced Strategic Bitcoin Reserve and United States Digital Asset Stockpile.”
The announcement drew swift response on X. Analyst @nietzbux known as the deal “one of many extra bullish occasions in XRP historical past,” likening VivoPower to a “MicroStrategy for XRP.” Well-liked commentator @AbsGMCrypto added that the prince’s timing, following his assembly with President Trump, is “huge information.”
If shareholders ratify the elevate subsequent month, VivoPower will maintain a nine-figure pool of the token on its steadiness sheet, offering the primary real-time take a look at of whether or not a single-token company treasury can reproduce—and maybe broaden—the playbook that rewrote Bitcoin’s relationship with publicly traded capital.
At press time, XRP traded at $2.28.
Featured picture created with DALL.E, chart from TradingView.com
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