Saudi Prince’s $100 Million Bet: The XRP Revolution Begins! 💰🚀

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In a twist worthy of a grand novel, the illustrious VivoPower International PLC, that shining beacon of Nasdaq, has secured a staggering $121 million in a Regulation S private placement. This audacious venture aims to fund what they boldly proclaim as the world’s first publicly traded XRP-centric corporate treasury. And who, you may ask, is the mastermind behind this financial escapade? None other than His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, whose Eleventh Holding Company has graciously committed a princely sum of approximately $100 million to this venture. Talk about a royal flush! 👑💸

VivoPower Bets On XRP

In the grand tapestry of subscription agreements, investors have snatched up 20 million new ordinary shares at a price of $6.05—just a penny above the previous close. This delightful maneuver has bestowed upon VivoPower an immediate cash position that Executive Chairman Kevin Chin has described as “transformational.” The prince’s check, the largest single outlay yet disclosed for an on-balance-sheet XRP reserve, catapults this London-based sustainable-energy firm into the annals of digital-asset history. They are now the “first public company executing on an XRP-focused treasury and DeFi strategy,” as the company’s statement so grandly declares. 🏦✨

“We have been investors in the digital-asset sector for a decade and have been long-term holders of XRP,” the ever-optimistic Prince Abdulaziz proclaimed. “After a delightful tête-à-tête with President Trump and his entourage during their recent visit to Saudi Arabia, we believe the timing is ripe for digital assets and blockchain technology to blossom in the Kingdom. We are positively thrilled to assist VivoPower in this noble endeavor.” Who knew royalty could be so tech-savvy? 🤴💻

Chin, a true pioneer in the field, informed shareholders that this influx of capital “allows us to scale a publicly listed XRP-focused treasury company for the benefit of the community and VivoPower stakeholders alike.” He added, with a wink, that potential ledger-based payment rails could ease the cross-border frictions faced by the firm’s electric-vehicle unit, Tembo, and its power-to-X subsidiary, Caret Digital. Because who doesn’t love a little frictionless fun? ⚡️🚗

Former Ripple board member and SBI Ripple Asia co-founder Adam Traidman, now gracing VivoPower as chair of a new advisory board, personally invested in this placement. He hailed the initiative as “a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications.” A round of applause for the visionaries! 👏🎉

The company plans to deploy “the majority” of proceeds to accumulate the token and to seed decentralized-finance projects on the XRP Ledger. The remaining funds will be used to cut debt and supply working capital ahead of the planned spin-offs of Tembo and Caret Digital, both targeted for completion before the end of the third quarter. But wait! The closing of the placement awaits a shareholder vote scheduled for June 18, 2025, and other customary conditions. Because what’s a good story without a cliffhanger? 📅🕵️‍♂️

VivoPower has even highlighted language from the March White House executive order establishing a Strategic Bitcoin Reserve and US Digital Asset Stockpile, claiming that XRP “is expected to be one of five digital assets that will be accumulated by the US Government as part of President Donald Trump’s recently announced Strategic Bitcoin Reserve and United States Digital Asset Stockpile.” Now that’s a plot twist worthy of a political thriller! 🏛️📈

The announcement sparked a flurry of reactions on X. Analyst @nietzbux dubbed the deal “one of the more bullish events in XRP history,” likening VivoPower to a “MicroStrategy for XRP.” Meanwhile, popular commentator @AbsGMCrypto chimed in, noting that the prince’s timing, following his meeting with President Trump, is “massive news.” Because timing is everything, darling! ⏰💥

If shareholders give the green light next month, VivoPower will hold a nine-figure pool of the token on its balance sheet, providing the first real-time test of whether a single-token corporate treasury can replicate—and perhaps expand—the playbook that rewrote Bitcoin’s relationship with publicly traded capital. The stakes have never been higher! 🎲💼

At press time, XRP traded at a tantalizing $2.28. Will it soar or plummet? Only time will tell! ⏳💵

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2025-05-29 17:15