Vivropower International PLC, quoted in Nasdaq, has ensured a private placement of the regulation of $ 121 million that will finance what the first one that the corporate treasure centered in the world’s XRP public Round.
Vivopower bet on XRP
In the subscription agreements, investors bought 20 million new ordinary shares at $ 6.05, a penny above the previous closure, which gave Vivopower an immediate cash position that executive president Kevin Chin described as “transformational.” The prince’s check is the greatest individual disbursement still released for an XRP reservation of the balance sheet and vault of the sustainable energy company with headquarters in London in the history of digital assets as “the first public company that is executed in a treasure and defi strategy centered on the XRP”, according to the company of the company “, according to the company, according to the company, according to the company, according to the company. statement.
“We have been investors in the digital asset sector for a decade and we have been holders of long -term XRP,” said Prince Abdulaziz. “Having met with President Trump and his leadership group during his recent visit to Saudi Arabia, we believe that the moment is appropriate for digital assets and blockchain technology that will be implemented in the kingdom and we are delighted to help the Virtapower in this regard.”
Chin, one of the first to adopt, told the shareholders that the influx “allows us years.
The former member of the Ripple and co -founder Board of SBI Ripple Asia, Adam Traidman, who joined Vivopower as president of a new advisory board and personally invested in the placement, described the initiative “a future thought movement that reflects the growing institutional condemnation in the block chain requests of the real world”.
The company intends to deploy “the majority” of income to accumulate token and sow decentralized finance projects in the Book Mayor XRP. The remaining funds will reduce debt working capital and will supply before planned spin-offs of gear and care digital, both aimed at its completion before the end of the third quarter. The closure of the placement awaits a vote of shareholders scheduled for June 18, 2025 and other usual conditions.
Vivopower highlighted the language in the executive order of the White House of March that establishes a strategic Bitcoin reserve and a reserve of US digital assets. USA”.
The announcement caused a rapid reaction in X. Analyst @Nietzbux described the agreement “one of the most bullish events in the history of XRP”, comparing Vivopower with a “microstrategia for XRP”. The popular commentator @ABSGMCrypto added that the prince’s time, after his meeting with President Trump, is “mass news.”
If the shareholders ratify the increase next month, Vivopower will have a set of nine token figures in their balance sheet, providing the first real -time test of whether a single corporate treasure can reproduce and perhaps expand, the play book that rewrites Bitcoin’s relationship with commercial capital.
At the time of publication, XRP quoted at $ 2.28.
Outstanding image created with Dall.E, Record of TrainingView.com
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