VivoPower Secures $121 Million for Groundbreaking XRP-Centric Treasury Model
VivoPower International PLC, a Nasdaq-listed energy firm, has announced a successful capital raise of $121 million (approximately AU$188.5 million) aimed at creating the world’s first corporate treasury model focused on the XRP cryptocurrency. This significant capital infusion was spearheaded by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia, who contributed $100 million (around AU$155.8 million), as detailed in a company announcement on 28 May 2025.
The funds were raised through the issuance of 20 million shares priced at $6.05 each (around AU$9.44), slightly exceeding the company’s last closing price. VivoPower plans to leverage this capital to establish a digital asset treasury anchored in XRP, currently ranked as the fourth largest cryptocurrency by market capitalisation. Moreover, the investment will facilitate the development of a decentralised finance (DeFi) team dedicated to the XRP Ledger (XRPL) blockchain and assist in repaying existing debts.
VivoPower’s Executive Chairman, Kevin Chin, described the $121 million investment as "transformational." He emphasised the alignment of vision and strategic objectives between the company and its investors regarding the scalability of a publicly listed XRP-centric treasury for the benefit of both the XRP community and VivoPower stakeholders.
In conjunction with its new direction, VivoPower intends to spin off its electric vehicle division, Tembo, along with its digital asset mining subsidiary, Caret Digital, by the end of Q3 2025. Furthermore, the company is currently performing due diligence on a proposed acquisition by Energi Holdings Limited.
As part of this restructuring process, VivoPower has appointed Adam Traidman as the Chairman of its newly established Board of Advisors. Traidman brings extensive experience in the digital assets sector, having previously held prominent positions at Ripple and SBI Ripple Asia.
In summary, VivoPower’s strategic move towards an XRP-based treasury not only showcases its commitment to blockchain technology but also reflects a broader trend of growing institutional interest in practical applications of digital assets.
