VivoPower announced its plan to integrate XRP into its treasury, raising 121 million USD through a private offering of 20 million shares at 6 USD each. This move positions them as the first public entity to adopt XRP for treasury reserves.
The investment, led by His Royal Highness Prince Abdulaziz bin Turki, highlights a shift towards digital assets in corporate treasury strategies. VivoPower intends to purchase XRP with the proceeds, attracting further institutional interest.
Despite the positive announcement, XRP has seen a decline of nearly 2% over the last 24 hours, with weekly losses exceeding 5%. This comes at a time when market sentiment remains fluctuating and uncertain.
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