Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Michael Adeleke
5 hours ago
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XRPL adoption grows as VivoPower and Doppler Finance launch $30M XRP initiative, with potential expansion to $200M.

Highlights

  • VivoPower raises $19M through an equity offering at $6.05/share.
  • The proceeds would be directed toward XRP accumulation.
  • Corporate adoption rises, as other firms also commit millions into XRP for treasury use.

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed at expanding its XRP holdings. The move signals growing corporate interest in the token.

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VivoPower Secures $19M Equity Raise

In a recent press release, VivoPower International PLC announced it had closed a $19 million equity offering. This was completed by issuing common shares at $6.05 each, a premium above its last closing price. The company noted the raise builds on its earlier Regulation S offering.

Proceeds from the deal are earmarked for treasury expansion, with the altcoin at the center of this strategy. The offering was executed under a U.S. Securities and Exchange Commission (SEC) registration and accompanied by a final prospectus. 

The new funds follow VivoPower’s mining subsidiary plans. They had announced Caret Digital would scale up operations by acquiring new rigs and converting mined assets directly into XRP. This approach secures the token at favorable rates while reinforcing its role in the company’s long-term financial framework.

The company has publicly stated that it now focuses on accumulating XRP as part of its treasury model. This strategy helps increase both liquidity and the use of its ledger. The firm sees this approach as a component of its sustainability mission.

Building on its previous moves, the firm partnered with Doppler Finance to deploy $30 million in the token through treasury yield programs. The joint venture, which could grow to $200 million, is intended to test institutional-grade tactics.

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XRP Treasury Expansion Gains Momentum

Beyond VivoPower, several other players are accelerating their exposure to the token. Trump-linked Thumzup Media recently confirmed that the company authorized new allocations into XRP and other tokens as part of its ambition to build one of the largest corporate crypto treasuries.

In Asia, Japanese gaming and blockchain company Gumi disclosed it had approved a 2.5 billion yen ($17 million) XRP purchase. In keeping with its collaboration with SBI, the investment seeks to boost Gumi’s authority in the financial services space.

Insider activity has also gained attention in the crypto space. An executive with strong industry ties made a move that has set off rumours of a big development coming.  In a single transaction, the French finance insider bought 17.5 million XRP, worth almost $49 million.  According to experts, these significant purchases by well-connected insiders show faith in the token’s long-term viability.

In light of these developments, VivoPower’s equity raise is the latest sign of momentum building across the altcoin’s treasury companies.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.