VivoPower Adopts XRP, Raises $121M for Treasury

VivoPower International, a Nasdaq-listed energy company, has raised $121 million through a private share placement led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud to become the first publicly traded company to adopt XRP as a treasury reserve asset. The capital will primarily fund XRP purchases, an XRP-focused treasury strategy, and decentralized finance initiatives on the XRPL blockchain. Adam Traidman, a former Ripple board member and CEO of SBI Ripple Asia, has joined VivoPower as Chairman of the Board of Advisors. Following the announcement, VivoPower shares surged up to 26% before settling, while XRP's price fell by about 2% and posted weekly losses of over 5%. The move comes amid growing institutional interest in digital asset reserves and increased regulatory clarity for cryptocurrencies in the US. VivoPower's strategy signals a shift in corporate treasury management and may encourage broader XRP adoption among public companies.