VivoPower Raises $121M to Pivot into XRP-Focused Crypto Treasury Strategy

VivoPower International (NASDAQ: VVPR) has announced a $121 million private share placement to fund its strategic shift toward a digital asset treasury model centered on XRP, the fourth-largest cryptocurrency by market cap. The fundraising is led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who is contributing $100 million, according to a company spokesperson.

The company plans to issue 20 million ordinary shares at $6.05 each, as disclosed in a recent SEC filing. Following the news, VivoPower’s stock surged up to 26% before settling at a gain of over 11%, trading around $6.75.

VivoPower aims to become the first publicly traded company with a crypto treasury strategy focused on XRP, differentiating itself from peers like MicroStrategy, which built its reserves around Bitcoin. This move mirrors a growing trend among public companies diversifying into digital assets, with others targeting Ethereum and Solana.

Former SBI Ripple Asia executive Adam Traidman has been appointed chairman of the board of advisors, reinforcing VivoPower’s strategic alignment with the XRP Ledger (XRPL) ecosystem. The company also revealed plans to spin off its traditional energy business to fully embrace the digital pivot.

“We selected VivoPower due to its strong focus on XRP and its commitment to supporting the XRPL ecosystem,” said Prince Abdulaziz in a statement. “Our team has been involved in the digital asset space for over a decade and remains a long-term holder of XRP.”

Founded in 2014, VivoPower’s pivot reflects increasing institutional interest in blockchain-based assets beyond Bitcoin, spotlighting XRP’s potential role in corporate treasury diversification. This development marks a significant step in integrating crypto into mainstream financial strategies.