A big investment is shaking up the world of cryptocurrency! VivoPower, a Nasdaq-listed company, just secured a massive $121 million investment to create the world’s first publicly traded company focused on XRP, a popular cryptocurrency.
A Royal Investment
The biggest chunk of this investment—a whopping $100 million—came from Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. His investment firm, Eleventh Holding Company, is betting big on XRP and blockchain technology. The Prince stated that after meeting with President Trump, they believe now is the right time for Saudi Arabia to embrace digital assets.
VivoPower’s XRP Strategy
VivoPower plans to use most of the money to buy a large amount of XRP and to support projects built on the XRP Ledger (a decentralized finance platform). The remaining funds will help pay off debt and support the company’s other businesses, Tembo (electric vehicles) and Caret Digital (power-to-X). They hope to make these businesses independent companies later this year.
A Historic Moment for XRP
This move is considered a significant event for XRP. Analysts are comparing VivoPower’s strategy to MicroStrategy’s successful investment in Bitcoin, suggesting this could be a game-changer for XRP’s adoption by larger companies. The fact that a Saudi Prince is involved is also generating significant buzz.
The Future of XRP Treasuries
VivoPower’s plan to build a large XRP treasury is a big experiment. It will be interesting to see if this model—holding a single cryptocurrency as a major asset—can be successful for other companies. The outcome could significantly impact how companies view and use cryptocurrencies in the future.
Note: The investment is subject to shareholder approval in June 2025. At the time of writing, XRP was trading at $2.28.
/p>