Saudi-Backed VivoPower Raises $121 Million to Implement XRP-Based Treasury Plan

VivoPower Bets Big on XRP with $121M Raise Backed by Saudi Royalty, Eyes Full Pivot from Energy to Crypto

In a bold move that could reshape the landscape of corporate crypto adoption, VivoPower International (NASDAQ: VVPR) has announced a $121 million private placement to fund a transformative shift toward a digital asset treasury model — with XRP at its core.

At the heart of the deal is a $100 million investment from Prince Abdulaziz bin Turki Abdulaziz Al Saud, through his investment vehicle, Eleventh Holding Company. VivoPower will issue 20 million shares at $6.05 each as part of the capital raise, according to a regulatory filing submitted Wednesday.

The company has also tapped Adam Traidman, a veteran of SBI Ripple Asia and a longtime Ripple ecosystem leader, as the new chairman of its advisory board — signaling serious intent to embed itself within the XRP Ledger (XRPL) ecosystem.

Markets responded enthusiastically, with VivoPower shares surging up to 26% before settling near $6.75, still up over 11% on the day.

A Strategic Reinvention Centered on XRP

VivoPower is positioning itself to become the first publicly traded company to prioritize XRP as its core treasury asset, setting it apart from the Bitcoin-dominated playbook established by MicroStrategy and mirrored by others.

The company said it intends to fully spin off its legacy energy business, completing its transformation into a crypto-focused corporate vehicle.

While Bitcoin remains the go-to for many treasury strategies, a new wave of companies is expanding into alternative chains. DeFi Development recently backed Solana (SOL), while SharpLink Gaming chose Ethereum (ETH). VivoPower is the first to make a large-scale, XRP-led commitment — a move seen as both contrarian and visionary.

Prince Abdulaziz explained the motivation behind the investment:

“Our decision reflects not just belief in XRP, but in VivoPower’s unique ability to accelerate its adoption within capital markets. We’ve held XRP for years and see this as the next logical step in scaling its real-world use.”

Founded in 2014, VivoPower is betting that being early to the XRP-ledger opportunity could unlock long-term upside — both in financial markets and the rapidly evolving world of blockchain-based finance.