VivoPower Raises $19M to Expand XRP Holdings Amid Growing Corporate Interest
- VivoPower International PLC completed a $19 million equity offering by issuing shares at $6.05 each.
- Proceeds are designated for expanding the company’s treasury, focusing on accumulating XRP.
- Caret Digital, VivoPower’s mining subsidiary, plans to acquire new rigs and convert mined assets directly into XRP.
- The company has partnered with Doppler Finance to deploy up to $200 million in XRP through treasury yield programs.
- Other companies, like Thumzup Media and Gumi, are also increasing their allocations in XRP as part of their corporate strategies.
VivoPower’s recent capital raise reflects a broader trend of corporate interest in XRP, with multiple firms actively expanding their crypto treasuries. The strategic focus on XRP aims to enhance liquidity and support sustainability initiatives within the company.
With VivoPower raising $19 million for its treasury expansion strategy centered on XRP, the move underscores the growing momentum among companies investing in digital assets.(Source)
