XRP News: Nasdaq Firm VivoPower to Launch $100M XRP Strategy
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XRP has changed the tone of big institutions who thought Bitcoin is the only assets to capitalize, recently, VivoPower has announced a $100 million XRP treasury strategy, becoming the first publicly listed company on Nasdaq to make such a bold commitment to XRP. Teaming up with crypto custody giant BitGo, the company plans to hold XRP, develop DeFi initiatives, and actively support the growth of the XRP Ledger (XRPL).
BitGo is partnering with @Vivo_Power to support their $100M XRP treasury strategy as their exclusive OTC trading desk and custodian.
This partnership brings together secure custody, deep liquidity, and 24/7 execution. Another step forward in the institutional adoption of digital… pic.twitter.com/h3A1kP5xSX
This news comes amid growing interest coming from big institutions adding digital assets to their balance sheets, echoing earlier Bitcoin treasury strategies from firms like MicroStrategy. But this time, XRP takes center stage.
Analyst Reactions: A Bold Bet on XRPPopular analyst Jungle Inc Crypto News hailed the deal as a potential game-changer, stating, “This isn’t a hedge. This is a full-blown XRP treasury strategy.” The move, according to Jungle Inc., could set a precedent for more publicly listed firms to follow suit and adopt XRP for long-term corporate strategies.
