VivoPower Raises $121M to Pursue XRP Treasury Strategy, Secures Major Investment from Saudi Royal
VivoPower International PLC (NASDAQ: VVPR), a publicly traded energy solutions company, has raised $121 million in a private placement to fund a strategic shift into digital assets, with a specific focus on XRP, the fourth-largest cryptocurrency by market cap.
The raise was anchored by Prince Abdulaziz bin Turki Abdulaziz Al Saud, who invested $100 million through Eleventh Holding Company, his investment firm. VivoPower will issue 20 million ordinary shares at a price of $6.05 per share, according to a filing submitted to the SEC on Wednesday.
As part of its transformation, VivoPower announced the appointment of Adam Traidman, a former executive at SBI Ripple Asia, as Chairman of its Advisory Board. Traidman brings extensive experience in blockchain-based financial infrastructure and the XRP Ledger ecosystem.
Shares of VivoPower surged 26% in early trading following the announcement, before paring gains to trade up 11% around $6.75.
A First for XRP in Public Markets
With this move, VivoPower positions itself as the first public company to adopt XRP as the core of its treasury strategy, diverging from peers like MicroStrategy (MSTR), which have focused primarily on Bitcoin (BTC). The company also plans to divest its traditional energy operations to fully align with its new digital asset strategy.
Other firms have begun diversifying into altcoin treasuries: DeFi Development recently added Solana (SOL), while SharpLink Gaming disclosed holdings in Ethereum (ETH).
Prince Abdulaziz said the investment reflects a long-term belief in XRP’s potential:
“VivoPower stood out as a purpose-driven vehicle aligned with our long-term interest in XRP and its ecosystem,” he stated. “We have invested in digital assets for more than a decade and believe the XRPL’s utility is still significantly undervalued.”
Founded in 2014, VivoPower now seeks to leverage its public market status to accelerate adoption and visibility of XRP in corporate finance — a notable milestone for institutional crypto integration.
