- VivoPower closed a $19 million equity raise to buy more XRP for its corporate treasury.
- The company’s mining subsidiary will convert mined crypto directly into XRP at favorable rates.
- Several other firms, including Thumzup Media and Japanese company Gumi, are also adding XRP to their balance sheets.
Nasdaq-listed VivoPower International PLC has closed a $19 million equity offering to fund the expansion of its digital asset treasury. The company issued common shares at $6.05 each, representing a premium over its previous closing price. The raise extends VivoPower’s earlier Regulation S offering and was completed under full SEC registration, accompanied by a prospectus.
The proceeds will support the company’s strategy of accumulating XRP as a core treasury asset. VivoPower has positioned the token at the center of its corporate financial framework. This marks a continuation of the firm’s pivot toward digital assets as part of its broader sustainability and liquidity objectives.
Mining Operations Feed Treasury Strategy
VivoPower’s mining subsidiary, Caret Digital, plans to scale its operations through the acquisition of new rigs. The subsidiary will convert mined cryptocurrency directly into XRP. This approach allows the company to secure tokens at favorable conversion rates while building treasury reserves.
The strategy aims to increase both liquidity and operational utility of the XRP ledger within VivoPower’s business model. Management has stated that XRP accumulation aligns with the company’s long-term financial and sustainability goals.
VivoPower previously partnered with Doppler Finance to deploy $30 million in XRP through treasury yield programs. The joint venture has the potential to expand to $200 million. The collaboration tests institutional-grade treasury management tactics using digital assets.
Corporate XRP Adoption Accelerates
VivoPower joins a growing list of companies adding XRP to their balance sheets. Trump-affiliated Thumzup Media recently authorized new allocations into the token as part of plans to build a substantial corporate crypto treasury. The company aims to position itself among the largest institutional holders of digital assets.
Japanese gaming and blockchain firm Gumi approved a 2.5 billion yen purchase of XRP, valued at approximately $17 million. The investment supports Gumi’s partnership with SBI and its expansion into the financial services sector. The move reflects increasing interest from Asian corporations in the token.
Individual investors with industry connections have also made notable purchases. A French finance executive acquired 17.5 million XRP in a single transaction worth nearly $49 million. Market analysts view such purchases by well-connected insiders as indicators of confidence in the asset’s prospects.
The wave of corporate treasury adoption suggests institutional interest in XRP continues to build. VivoPower’s equity raise positions the company to capitalize on this momentum while expanding its digital asset holdings. The firm’s approach combines mining operations, direct purchases, and yield-generating partnerships to maximize treasury growth.
Disclaimer
The content shared on KryptoVaultDaily is for informational purposes only and does not constitute financial or trading advice. We do not offer guarantees and assume no responsibility for investment decisions based on the material provided. Always research and seek guidance from a licensed financial advisor before trading cryptocurrency or investing.
