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VivoPower (VVPR) Details $121M XRP Treasury With Saudi Royal Backing
May 29, 2025
< 1 min read
by Ikemefula Aruogu
for CoinEdition
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- Nasdaq’s VivoPower (VVPR) announces $121M fundraise to establish an XRP digital treasury.
- Saudi Prince Abdulaziz bin Turki Al Saud is a key backer, committing $100M to this XRP plan.
- VivoPower aims to be first public XRP-centric treasury, driving XRP adoption & XRP Ledger DeFi.
The XRP ecosystem could be in for a significant boost in adoption, as Nasdaq-listed energy firm VivoPower (VVPR) has announced an ongoing fundraising effort to build an XRP digital treasury.
The company is targeting $121 million for this venture, which is aimed at raising XRP adoption. According to a recent announcement, a substantial portion of this funding, $100 million, is slated to come from Saudi Prince Abdulaziz bin Turki Al Saud.
VivoPower Details $121M XRP Treasury Goal, With Major Backing from Saudi Prince Abdulaziz
Under the plan, Vi…
The post VivoPower (VVPR) Details $121M XRP Treasury With Saudi Royal Backing appeared first on Coin Edition.
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