EV Battery Firm to Launch $121M XRP Treasury

The company behind the initiative is VivoPower International PLC (Nasdaq: VVPR). The move follows a private capital raise priced at $6.05 per share, slightly above its most recent Nasdaq closing. The round brought in $121 million in gross proceeds and was led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, with participation from institutional digital asset investors and the investment office of VivoPower Chairman Kevin Chin.

VivoPower’s strategy centers on XRP as a core treasury asset while also contributing to the development of the XRP Ledger (XRPL) ecosystem for decentralized finance (DeFi) use cases. The company is believed to be the first publicly traded firm to adopt such a strategy.

This announcement also comes at a pivotal time for XRP, which is expected to be included in President Donald Trump’s proposed Strategic Bitcoin Reserve and United States Digital Asset Stockpile. The initiative aims to secure the country’s leadership in blockchain-based financial infrastructure.

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With this move, VivoPower is positioning itself at the intersection of energy innovation and digital finance, signaling a growing convergence between traditional industries and blockchain technologies.

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