- VivoPower secures $121 million at $6.05 per share, marking a strategic shift toward an XRP-focused treasury and digital asset initiative.
- XRP will be the primary asset in VivoPower’s treasury, with funds also supporting development of decentralized finance in the XRPL ecosystem.
- Former Ripple board member Adam Traidman joins VivoPower’s advisory board, supporting its plans to scale blockchain use across global operations.
VivoPower International PLC has announced a $121 million private placement to fund its new XRP-focused treasury strategy, becoming the first Nasdaq-listed firm to adopt this model.
$121M Raised to Support XRP Strategy
VivoPower confirmed it reached an agreement with select investors for the private placement priced at $6.05 per share, marginally above its last market closing price of $6.04. A total of 20 million ordinary shares will be issued, generating gross proceeds of approximately $121 million before fees and expenses.
The raise was headed by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chair of Eleventh Holding Company, and other institutional and digital asset investors. The investment office of VivoPower Executive Chairman Kevin Chin also joined in.
The offer is being made in reliance on Regulation S of the 1933 Act and is only being made to non-U.S. investors. Closing conditions to the transaction include shareholders approval with a shareholders’ meeting to occur on or about June 18, 2025.
Transition to an XRP-Centric Treasury Model
VivoPower’s strategic development also entails the holding of XRP as a treasury asset as well as direct investment in the XRPL ecosystem. VivoPower plans to enable the development of decentralized finance use cases on XRP Ledger technology to contribute to the adoption and growth of the network.
Executive Chairman Kevin Chin highlighted that friction in cross-border payments remains a business challenge. He indicated XRP solutions could address this within VivoPower’s operating markets. The treasury strategy aligns with the company’s broader goal to enhance shareholder value and integrate blockchain solutions.
VivoPower also reaffirmed plans to complete the spin-offs of its current subsidiaries—Tembo, an electric vehicle company, and Caret Digital, a digital asset mining venture—by the end of Q3 2025. The company will maintain dialogue with Energi Holdings regarding its takeover interest, with a potential shift in focus toward Tembo.
Leadership Backing and Industry Experience
Adam Traidman, former Ripple board member and blockchain entrepreneur, has joined VivoPower as Chairman of its Board of Advisors. Traidman expressed support for the company’s XRP-centric direction and noted the growing role of institutional actors in blockchain innovation.
Prince Abdulaziz, whose experience in the digital assets market is more than a decade, attributed the company’s strategic vision and dedication to XRP as the reasons for heading the capital raise. He also stated that the timing is in sync with wider discussions of digital asset adoption such as the ones held with U.S. leadership.
VivoPower aims to use the new capital primarily to build its XRP treasury and expand its position in the decentralized finance space while also reducing debt and covering general corporate needs.
