Vivopower International PLC on the NASDAQ list provided a special settlement of a $ 121 million regulation to finance what it calls the world’s first publicly -open XRP -based company treasure.
Vivopower bets on XRP
In the subscription agreements, investors acquired 20 million new ordinary shares from $ 6.05 on a century above the previous closing – Vivopower, Executive President Kevin Chin’s defined as “alternating” gained a cash position. The Prince’s control is the largest expenditure described for an XRP reserve in balance, and as the London-based sustainable sustainable energy company as a “XRP-oriented treasure and the first public company that carries out on the history of Digital-Varlık. expression.
Prince Abdulaziz, “We have been investors in the digital asset sector for ten years and we have long -term owners of XRP,” he said. “After meeting with President Trump and the leadership group during his recent visits to Saudi Arabia, we believe that timing is suitable for the release of digital assets and blockchain technology in the Kingdom, and we are pleased to help Vivopower.”
Chin, who adopted an early son, said that the flow to the shareholders allows us to scalaning a public XRP -oriented treasure company for the benefit of community and Vivopower stakeholders ”.
Adam Traidman, Founder of SBI Ripple Asia, who participated in the former Ripple Board Member and Vivopower as a new consulting board and investing in the settlement personally, called the initiative, called a prominent movement reflecting the growing institutional conviction in the real world block chain.
The company plans to distribute the “majority ın of revenues to accumulate the coin and seed the decentralized financial projects on the XRP book. The remaining funds will supply debt and working capital before the planned divisions of Tembo and Caret Digital, which aim to be completed before the end of the third quarter. The closure of the settlement awaits a planned shareholder vote and other traditional conditions for 18 June 2025.
Vivopower is expected to be one of the five digital assets that will accumulate by the US government as part of the stock of digital assets, Vivopower, a White House, a strategic Bitcoin reserve and the US Digital Asset Stock “XRP“ President Donald Trump’s recently declared strategic Bitcoin Reserve and the United States of the United States.
The announcement drew a Swift response on the X. Analyst @nietzbux, described the agreement as “one of the more rise in the history of XRP, and compared Vivopower as microstrategy for XRP. Popular commentator @absgmcrypto added that the Prince was “great news öz after the Prince’s meeting with President Trump.
If the shareholders confirm the increase in the next month, the vivopower will hold a nine -numbered jeton pool in the balance sheet and provide the first real -time test that a single -accumulated company treasure cannot rewrite down Bitcoin’s relationship with the public capital and perhaps expand or expand.
In the time of the press, XRP was traded for $ 2.28.
The featured picture created with DALL.E, graphics from tradingView.com
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