Crypto Big Shots Are Dumping Millions Into XRP—What Could Possibly Go Wrong? 🤔

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BitGo, the crypto custody firm that sounds like a robot but definitely isn’t, has teamed up with VivoPower. In a dazzling display of “let’s throw money at shiny things,” VivoPower is about to drop a casual $100 million on XRP tokens using BitGo’s fancy over-the-counter (OTC) trading services. This is all part of VivoPower’s master plan following a somewhat less casual $121 million fundraising spree. Because why keep cash when you can have digital glitter?

A Sign of Growing Interest in Altcoin Treasury Holdings

VivoPower’s move is basically shouting, “Hey, look, we’re doing a MicroStrategy!”—that company that decided Bitcoin was the new corporate piggy bank. Holding crypto as corporate reserves is like diversifying your snack drawer: chips, candy, and, now, XRP. Because if your company’s money doesn’t keep you up at night wondering about digital assets, are you even trying?

John Deaton’s Take on the Bigger Picture

Enter John Deaton, the Pro-XRP attorney whose crystal ball predicted more altcoin ETFs than you can shake a blockchain at. After Bitcoin’s Spot ETF finally got the green light—after a legal tug-of-war that probably involved a lot of eye-rolling—Deaton said, “Altcoin ETFs? Oh, they’re coming, baby.”

After the Bitcoin Spot ETF was finally granted (more like demanded – after being forced to fight Gensler’s Bad Faith @SECGov, which was found to have acted “arbitrary and capricious” in denying one), I said that I had zero doubts about Alt-Coin ETFs eventually following – and not…

— John E Deaton (@JohnEDeaton1) June 2, 2025

Some skeptics rolled their eyes, but Deaton’s logic was simple: Bitcoin ETFs blew up in a way that made Wall Street sit up and say, “Ooh, me want some too.” So naturally, they’re eyeing other digital goodies like ETH, XRP, and SOL to ride the wave. Because when one party gets a golden ticket, everyone wants a piece of the chocolate factory.

Companies Copying the Bitcoin Treasury Model

Deaton also pointed out that what MicroStrategy did—turning Bitcoin into corporate treasure—would inspire others to do the same with altcoins. VivoPower is apparently leading the charge, waving the flag of “look ma, we’re crypto savvy!” while tossing $100 million of shareholder trust into the digital abyss.

Greed Drives Innovation

And just to be clear, Deaton isn’t exactly popping champagne over this. He’s more like that friend who points out the obvious: Wall Street’s hunger for profit is the real puppet master here, pulling strings and predicting market moves before anyone else even knows the game started. So, if you think regulation or public opinion are the boss, think again. Greed always gets the first dance. 💃

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2025-06-03 06:08