The VivoPower listed on the NASDAC has just unveiled plans to raise 121 million dollars to launch a strategy for the Treasury, which focuses on XRP-is a strategic step that is likely to be placed VivOPOWer as the first circulating company publicly dependent on XRP as a preliminary reserve asset.
Playbook VivoPower seems to follow many similarities with Michael Silor strategy, as it mainly includes collecting money to buy and add digital assets to treasury bonds.
The strategy has helped become the largest carrier of companies in Bitcoin, and many other companies outside America may take care of attention.
For public companies looking to experience the play book, BTC remains the most desirable assets. However, new new arrivals such as Defi Development and Sharplink have also directed their focus on Solana and Ethereum, respectively.
Vivopower $ VVPR It announces the strategy of the Ministry of Digital Treasury focusing on XRP and 121 million US dollars at a price of $ 6.05 per share, above the closing price of the last market under NASDAQ bases
๐ฅ๐๐๐ https://t.co/tf10ekwbuy pic.twitter.com/u0u7nd5kfr
– Vivopower (Vivo_power) May 28, 2025
It is said that the collection of donations led by a Saudi prince
VivoPower International (VVPR) revealed its agreement on Wednesday, and according to reports, the backed millions will finance its axis to the Digital Treasury, focusing on XRP.
According to what was said, the voltage of fundraising by the Saudi Prince Abdulaziz bin Torke Abdel Aziz, President of the Eleven Holding Company, who invested 100 million dollars, was said, according to a spokesman for the company.
“After reviewing a number of listed vehicles that seek to embrace the digital assets treasury model, we chose Vivopower due to its strategic focus on XRP and its goal in contributing to construction from the xrpl environmental system,” said Prince Ben Turki Abdulaziz Al Suud in a press statement. “We were investors in the digital assets sector for a decade and we were carrying the long term in XRP.”
The company will sell 20 million ordinary shares at $ 6.05 per share, according to the SEC report on Wednesday.
Adam Traidman, former CEO of SBI Ripple ASIA, participated and was also brought as Chairman of the House of Advisors, according to the press statement. After the news erupted, Vivopower shares are pumped up to 26 %, but soon the correction was followed.
SEC reviews the proposed ETFS Spot Spot
VivoPower’s interest in XRP comes at a critical time for the encrypted currency. Shortly before the news of the news, the US Securities and Stock Exchange Committee (SEC) announced that it had officially started a review of Wisdomtree XRP TRUST, a proposed exchange fund (ETF) that provides investors exposure to XRP.
The application, which was presented by CBOE BZX Exchange, is the first official review of the SEC for XRP ETF stationed in the United States, and if approved, it will become the first XRP ETF site in the United States
The product will track the price of the XRP market through the CME Ripple-Dollar reference rate, giving investors access to XRP through traditional mediation accounts, overcoming the need for special keys or self-care.
SEC has published its notification under version No. 34-103124, and it now has up to 240 days to approve or reject the deposit. While everyone awaits the result, the agency encouraged the audience to share opinions on whether the ETF design addresses concerns about manipulation of the market and protecting investors.
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Source: https://www.cryptopolitan.com/vivOPOWER-121M-fundraising-for-xrp Treasury/