VivoPower International announced on May 28, 2025, a $121 million private capital raise led by Saudi Arabia's Prince Abdulaziz bin Turki Abdulaziz Al Saud. The energy company will use the funds to acquire XRP for its corporate treasury, aiming to be the first public company with an XRP-focused treasury model. Adam Traidman, a former Ripple board member, is also an investor and will chair the board of advisors.
Prince Abdulaziz stated his decision was influenced by the potential of crypto assets and blockchain in Saudi Arabia. His company, Eleventh Holding Company, has been holding XRP and chose VivoPower due to its XRP focus. VivoPower's stock (VVPR) saw an increase following the announcement.
Coinbase announced on June 13, 2025, it will enable 24/7 trading for XRP and SOL futures, expanding access for U.S. traders. This move reflects the increasing integration of XRP into established financial infrastructures.
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