2nd June 2025 – (London) VivoPower International PLC has entered into a strategic collaboration with BitGo to initiate its XRP acquisition worth US$100 million as part of its treasury strategy following a successful fundraise of US$121 million. VivoPower will exclusively utilise BitGo’s OTC trading desk for XRP trading and custody services leveraging BitGo’s 24/7 trading capabilities, liquidity pools, and secure cold storage infrastructure, highlighting BitGo’s growing reputation as a trusted custodian and premier trading partner for institutional clients engaged in large block trades.
VivoPower aims to benefit from BitGo’s institutional-grade infrastructure and execution capabilities as it transitions to focus on XRP treasury and decentralized finance solutions. The partnership underscores BitGo’s growing prominence as both a trusted custodian and premier trading partner for institutional clients executing large block trades.
The collaboration between VivoPower International PLC and BitGo represents a significant strategic pivot for VivoPower, transitioning explicitly into an “XRP focused treasury and decentralized finance solutions company.” With a raised capital of $121 million, the company’s allocation of $100 million towards XRP acquisition through BitGo’s OTC trading desk signifies a substantial commitment.
As BitGo serves as both trading and custody partner, VivoPower gains crucial infrastructure advantages. BitGo’s institutional-grade custody solutions offer essential cold storage security crucial for managing digital assets at scale. Moreover, their OTC desk provides access to liquidity pools necessary for acquiring large positions without market disruption.
The concentration in a single digital asset (XRP) rather than a diversified approach is a notable characteristic of this treasury strategy. This direct correlation between VivoPower’s treasury value and XRP performance positions VivoPower shares with significant exposure to XRP price movements.
VivoPower’s filing of a registration statement with the SEC signals additional capital raising through a public offering, likely to support this new strategic direction. This transformation fundamentally alters the company’s risk profile and business model, closely tying investments to developments within the XRP ecosystem. XRP, the world’s fourth-largest cryptocurrency, has received significant support from Saudi Arabia, with VivoPower emerging as a pioneering public company in the XRP-focused treasury strategy realm.