In a press release, VivoPower announced that the funds will be used to accumulate XRP and support the development of the XRP Ledger (XRPL) ecosystem, focusing on real-world decentralized finance (DeFi) applications.

Notably, the company highlighted that XRP could be among the five strategic digital assets the U.S. government may stockpile, following former President Donald Trump’s proposal for a national Bitcoin reserve and digital asset portfolio.

The funding round involved the sale of 20 million ordinary shares at $6.05 each. Leading the investment was Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company (Saudi Arabia), along with other prominent

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