- VivoPower raised $121M to fund its XRP treasury plan, led by Saudi Prince Abdulaziz.
- The company will buy XRP and build XRPL infrastructure after issuing 20M shares at $6.05.
- Former Ripple Asia executive Adam Traidman joins VivoPower as chairman of its advisory board.
VivoPower International, a Nasdaq-listed energy company, has revealed a $121 million private share placement to fund its transition into a digital asset treasury strategy centered on XRP. According to the company, the fundraising was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who invested $100 million through Eleventh Holding Company. VivoPower aims to become the first publicly traded firm to structure its corporate treasury around XRP.
According to a press release and SEC filing, the company will issue 20 million ordinary shares at $6.05 each. The offer price exceeds its prior closing price of $6.04. Following the announcement, VivoPower shares surged as much as 26% before settling with an 11% gain, trading near $6.75.
Prince Abdulaziz Leads Round to Advance XRP Ecosystem Goals
With the capital raise, VivoPower is shifting from its old strategy to focus on electric vehicle systems and renewable energy through its subsidiaries Tembo and Caret Digital. With this initiative, the company is planning to use a large amount of the available funds to accumulate XRP and improve the infrastructure for the XRP Ledger (XRPL). The purpose of this move is to place the company among other decentralized finance (DeFi) ecosystems using real-world applications tied to XRPL.
Prince Abdulaziz confirmed the investment aligns with long-standing interest in XRP. “We selected VivoPower for its commitment to XRP and its ambition to contribute to XRPL development,” he stated in the press release. He added that his investment group has been active in the digital asset space for over a decade and holds XRP as part of its core portfolio.
In addition to the Prince’s backing, the round drew participation from institutional investors, including the investment office of VivoPower Chairman Kevin Chin. The offering also attracted stakeholders familiar with blockchain and DeFi sectors.
New Advisory Board and Strategic Pivot Toward Blockchain Integration
Former SBI Ripple Asia executive Adam Traidman has joined VivoPower as chairman of the board of advisors. Traidman emphasized XRPL’s utility and signaled that the company’s pivot reflects increasing institutional adoption of blockchain-based systems. Traidman has also made a personal investment in the funding round.
Chairman Kevin Chin noted the decision stems from operational experience in cross-border transactions. He added that blockchain can play a critical role across VivoPower’s subsidiaries, particularly in logistics and payment integration. Both Tembo and Caret Digital are expected to be spun off by the end of Q3 2025.
The capital injection will also support debt reduction and core operations. VivoPower’s shareholder vote to approve the private placement is scheduled for June 18, with the deal subject to customary closing conditions. The company maintains that its XRP-centric strategy aligns with recent U.S. treasury initiatives to include digital assets such as XRP in strategic reserves.
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