The publicly traded firm, VivoPower International PLC, listed on the Nasdaq, recently completed a substantial Regulation S private placement, raising $121 million. This initiative aims to develop what is touted as the world’s first corporate treasury focused on XRP. The venture has garnered significant backing from His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, whose Eleventh Holding Company contributed approximately $100 million to this funding effort.

Embracing Digital Assets

In the newly formed subscription agreements, investors bought 20 million new ordinary shares at a price of $6.05 each, slightly above the previous closing price. This immediate influx of capital has been described by Executive Chairman Kevin Chin as a “transformational” opportunity for the company. The investment from the prince marks a historic moment, positioning VivoPower as a leader in integrating digital assets into corporate finance strategies.

Prince Abdulaziz expressed confidence in the digital asset space, citing his extensive experience as a long-term XRP holder. He noted the recent discussions with influential leaders, including President Trump, as pivotal in realizing the potential of blockchain technology in Saudi Arabia. He conveyed enthusiasm about partnering with VivoPower in driving this innovation forward.

Chin emphasized the potential to leverage this financial boost to establish a publicly traded company that focuses on XRP. He highlighted how blockchain technology could mitigate cross-border transaction challenges, particularly for VivoPower’s electric vehicle division and its ancillary digital solutions.

Adam Traidman, a former board member of Ripple and co-founder of SBI Ripple Asia, has joined VivoPower as chair of a new advisory board. His personal investment in the placement underscores his belief in the initiative, which he described as a progressive step that signals increasing institutional faith in blockchain’s practical applications.

The majority of the funds raised will be directed towards acquiring XRP and initiating decentralized finance projects on the XRP Ledger. Other allocations include debt reduction and operational capital as the company moves towards spinning off its electric vehicle and digital energy ventures, both anticipated to finalize before the close of Q3. Shareholder approval for this placement is slated for a vote on June 18, 2025, pending standard regulatory conditions.

VivoPower has also pointed to a recent executive order from the White House introducing a Strategic Bitcoin Reserve, claiming that XRP will likely be among the top five digital currencies that the U.S. government will accumulate under this initiative.

The announcement generated rapid engagement on social media, particularly from analysts and crypto enthusiasts. One observer noted this deal as a landmark moment for XRP, drawing comparisons with MicroStrategy’s approach to Bitcoin. Buzz around this initiative, especially following the prince’s interaction with President Trump, is being seen as potentially game-changing for the market.

Should shareholders endorse this financial strategy next month, VivoPower will establish a significant reserve of XRP, setting the stage for a real-world evaluation of corporate treasury models focused on digital assets, potentially reshaping the landscape for publicly traded companies and their engagement with cryptocurrency.

Currently, XRP is trading at $2.28, reflecting the ongoing interest and speculation within the market.