Your Wallet’s New Best Friend? XRP Joins the Big Leagues with $121M Investment! 🚀💸

by

VivoPower Drops $121 Million to Make XRP the New King of Crypto Thrones

Listen up, finance fanatics and crypto curiosities! VivoPower International PLC (a company that’s just trying to survive in a world of electric vehicles and digital mining) has decided to throw its hat into the crypto ring—and it’s doing it with style. They just raised a whopping $121 million in a private share placement (read: they begged rich people to give them money) to launch an XRP treasury strategy. And guess who led the charge? None other than Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud—because what’s a crypto story without some royal flair, right? He dropped $100 million like it’s hot. 🔥

They sold 20 million shares at $6.05 each, slightly above the last closing price—because why not make bankers sweat a little? This funding isn’t just for funsies; it’s to make VivoPower the first publicly listed company to focus on XRP—because who needs boring old cash when you’ve got the fourth-largest cryptocurrency on your radar? The plan? Support the XRPL—yeah, that’s blockchain talk for “We’re in it to win it for decentralized finance.”

Prince Abdulaziz said, “We chose VivoPower because it’s got its eyes on XRP and wants to help build out the XRPL ecosystem.” Basically, he’s realizing his $100 million isn’t just for brunch money anymore. Kevin Chin, the company’s executive chairman (fancy name for ‘CEO who’s still trying to look cool’), called it “a major milestone”—because of course it is. Now they’re spinning off their electric vehicle brand Tembo and their digital mining firm by late 2025, just to keep us all on our toes.

As soon as the news hit, VivoPower’s shares jumped up to 26%—because nothing says “we’re serious” like a quick stock spike—and now they’re trading at $6.75, up 11%. Coincidence? Nope. Just crypto magic. And as if things weren’t spicy enough, former Ripple bigwig Adam Traidman is now on board as Chairman of the Board of Advisors, because naturally, if you’re going big in crypto, you need a guy who’s been there, done that, and definitely has a few secrets to spill.

The deal was handled by Chardan, and if you’re not yet familiar, Regulation S means they’re selling to non-U.S. investors without going through the SEC—because who needs regulations when you have crypto dreams? They still need shareholder approval in June 2025, and part of that shiny new money will go to pay off debt and keep the lights on. Stay tuned—it’s a crypto rollercoaster, and it’s only just getting started. 🎢💥

Read More

2025-05-28 23:32