In a whirlwind of ambition, XRP bursts forth into the realm of institutional finance, as Vivopower unveils a daring XRP treasury scheme, splashing a staggering $121 million to bolster XRPL growth, all while riding the wave of Saudi-backed enthusiasm. Who knew finance could be this thrilling? 🎢
Vivopower, the Nasdaq Star, Sparks an XRP Treasury Strategy with a Royal Twist 👑
On the fateful day of May 28, Vivopower International PLC (Nasdaq: VVPR) boldly declared its mission to create the world’s first publicly listed XRP-focused digital asset treasury. This audacious move comes hand-in-hand with a $121 million private placement, orchestrated by none other than His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. Talk about royal approval! 🏰
In its quest to revolutionize decentralized finance, Vivopower proclaimed:
The first publicly listed company to launch an XRP-focused digital asset treasury strategy, contributing to the XRPL ecosystem for real-world decentralized finance solutions. Take that, traditional finance!”
Prince Abdulaziz, in his infinite wisdom, shared his thoughts on Vivopower’s visionary path: “We’ve been in the digital asset game for a decade, holding onto our precious XRP like it’s the last slice of pizza at a party. After scouring the landscape for worthy investments, we chose Vivopower for its laser focus on XRP and its mission to build the XRPL ecosystem.”
He added with a wink: “Leading this capital raising is an honor! After all, who wouldn’t want to be part of the first company executing an XRP-focused treasury strategy? And meeting President Trump during his recent Saudi visit? Just icing on the cake! 🎂”
Vivopower revealed that a hefty chunk of the funds would be funneled into acquiring and hoarding XRP:
“We plan to use the lion’s share of the raised funds to stockpile XRP and kickstart our XRP-focused treasury operations, while also investing in the XRPL DeFi ecosystem. Because why not?”
“Of course, we’ll also use some of the funds to pay off debts and for general corporate shenanigans,” the company quipped. Adam Traidman, a former Ripple board member and now Chairman of Vivopower’s Board of Advisors, couldn’t help but applaud the initiative: “Vivopower’s leap into the XRP-centric treasury strategy is a bold move that showcases the growing faith in real-world blockchain applications. I can’t wait to see how we scale our XRP presence!”
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2025-05-30 02:57