Nasdaq-listed Vivopower International PLC has received $121 million in private placement, a regulation that will fund its so-called world’s first publicly traded with XRP XRP, a move led by His Royal Highness Abdulaziz Bin bin turki Abdulaziz Al Saud, whose huge stake holds a huge holding company that lasts $100 million.
Vivopower betting on XRP
In the subscription agreement, investors bought $20 million in new common stock for $6.05, a million more than the previous closing price, for what Executive Chairman Kevin Chin called an immediate cash position “transformational”. According to the company’s statement, Prince’s check is the largest single expenditure for XRP XRP XRP reserves and brings the London-based sustainable energy company insurance company arches into digital asset history, “the first public company to execute a XRP-focused treasury and DEFI strategy”.
“We have been an investor in the digital asset space, for a decade and have been a long-term holder of XRP,” said Abdulaziz Prince. “After meeting with President Trump and his leadership team during a recent visit to Saudi Arabia, we believe the time is right for the launch of digital assets and blockchain technology in the Kingdom, and we are pleased to assist Vivoport in this regard.”
He himself was an early adopter, told shareholders that the influx of shareholders “allow us to expand XRP-centric publicly listed fiscal companies for the benefit of the community and Vivopower stakeholders,” adding that potential Ledger-based payment tracks could ease the company’s electricity advance payments Tembo and Power-to-to-to-to-to-to-to-xxxxxx-brorde rictions.
Adam Traidman, former Ripple Board member and SBI Ripple Asia co-founder, joined Vivopower as chairman of the new advisory board and personally invested in the program, calling it “a forward-looking move that reflects the growing institutional belief in applying in the real world.”
The company intends to deploy “major” earnings on XRP Ledger and seed diversified financial projects on XRP Ledger. The remaining funds will cut debt and provide working capital ahead of planned derivatives from Tembo and Caret Digital, both for completion before the end of the third quarter. The closure of the resettlement awaits a vote of shareholders planned for June 18, 2025 and other customary conditions.
Vivopower emphasized language in a March White House executive order, establishing strategic bitcoin reserves and U.S. digital assets inventory, believing that XRP “promises to be one of five digital assets that the U.S. government will serve as one of the five recently announced by President Donald Trump.”
The announcement elicited a quick response from X. Analyst @nietzbux called the deal “one of the most bullish events in XRP history”, likening Vivopower to “XRP’s MicroStrategy.” Popular commentator @AbsgmCrypto added that the timing after the prince meets President Trump is “big news.”
If shareholders approve a pay raise next month, Vivopower will hold a 9-digit token pool on its balance sheet, the first real-time test of whether a single corporate finance ministry can copy and expand the script, which is a script that rewrites the relationship between Bitcoin and publicly traded capital.
At press time, XRP was trading at $2.28.
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