Chiara Bianchi
VivoPower International (Nasdaq: VVPR) has secured an additional $19 million in funding to fuel its growing XRP-focused treasury initiative. The sustainability firm said Wednesday that the raise was completed through the issuance of common stock at $6.05 per share โ a 34% premium over the prior dayโs closing price of $4.50.
The newly issued shares were purchased by long-term institutional investors in both the U.S. and abroad, underlining market confidence in VivoPowerโs push into digital assets. According to the company, proceeds will be directed toward expanding its XRP treasury reserves and paying down existing debt.
This latest raise follows a $121 million private placement in May, led by Prince Abdulaziz bin Turki bin Talal Al Saud, chairman of Eleventh Holding Company in Saudi Arabia. That round also brought in former Ripple board member Adam Traidman, who later joined VivoPowerโs advisory board as chairman.
Following Wednesdayโs announcement, VVPR shares rose 14% to $5.13, giving the firm a market cap of about $52 million.
Buying Ripple Exposure at Deep Discounts
VivoPower has been aggressively positioning itself in the XRP ecosystem. In August, the company revealed plans to purchase $100 million worth of Ripple Labs shares through agreements with existing shareholders, subject to Rippleโs executive approval. The deal would provide exposure equivalent to 211 million XRP tokens at just $0.47 each โ representing an 86% discount compared to market prices at the time.
Last month, the companyโs mining division, Caret Digital, announced it would convert all mined crypto โ including Bitcoin, Litecoin, and Dogecoin โ into XRP. By doing so, VivoPower claims it can achieve an effective 65% discount on XRP acquisition compared to open market purchases.
Custody, Partnerships, and Yield Generation
To support its treasury strategy, VivoPower has appointed BitGo as its exclusive custodian and OTC trading partner. Additionally, the firm has partnered with Flare Network, a Ripple-backed Layer 1 blockchain, to generate yield on XRP holdings. The yield program begins with a $100 million capital allocation, with profits set to be reinvested into XRP reserves.
The company is also expanding XRP adoption across its subsidiaries. Its EV arm, Tembo, has begun accepting Rippleโs RLUSD stablecoin for payments. Meanwhile, a collaboration with Doppler Finance has deployed $30 million in XRP into institutional yield products, with returns funneled back into the treasury.
XRP Price Outlook
At the time of writing, XRP is trading at $2.99, up 3.2% in the last 24 hours, according to PRIMEโs price data.
