The Saudi Prince said he met with former President Trump and chose to launch an XRP-focused public company.
XRP has been a hot topic among investors and blockchain enthusiasts for years. The idea of a public company built around XRP could accelerate adoption by providing institutional-grade services and infrastructure.
The Saudi Prince’s decision to focus on XRP comes at a time when blockchain adoption is accelerating worldwide. The global blockchain market is expected to grow to $67.4 billion by 2026, according to MarketsandMarkets. This rapid growth is fueled by increasing interest from governments, corporations, and investors. Many are looking beyond Bitcoin and Ethereum to other promising cryptos like XRP.
Meeting with Donald Trump, who remains an influential figure in the financial and political spheres, may have helped solidify the Prince’s confidence in launching a public XRP company. Such backing not only brings visibility but could also attract investors looking for regulated, transparent ways to engage with digital assets.
The name of this initiative is VivoPower. VivoPower International PLC (Nasdaq: VVPR) has announced a private capital raise through agreements with select investors, pricing shares at US$6.05. Under these securities purchase agreements, a total of 20 million ordinary shares will be issued. This will generate approximately US$121 million in gross proceeds before fees and expenses.
The raise was led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia, with participation from notable digital asset investors, institutions, and the investment office of VivoPower Chairman Kevin Chin.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
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SOLBREAKING: 🇺🇸 The Saudi Prince (per his own quote) met with President Trump and decided the timing was right for an $XRP focused public company! 💥📈 THIS IS MASSIVE NEWS FOR XRP!
BREAKING: 🇺🇸 VivoPower Raises $121M to Launch $XRP Treasury Strategy With Saudi Royal Backing! Ripple CEO @bgarlinghouse Confirmed The Nasdaq-listed energy firm aims to be the first public company with XRP focus, with ex-SBI Ripple Asia executive joining as chairman of the
BREAKING: 🇺🇸 VivoPower Raises $121M to Launch $XRP Treasury Strategy With Saudi Royal Backing! Ripple CEO @bgarlinghouse Confirmed The Nasdaq-listed energy firm aims to be the first public company with XRP focus, with ex-SBI Ripple Asia executive joining as chairman of the Show more
