In a groundbreaking move for corporate cryptocurrency adoption, VivoPower International PLC, a Nasdaq-listed sustainable energy company, has partnered with BitGo, a leading digital asset infrastructure provider, to facilitate a $100 million XRP acquisition as part of its innovative treasury strategy. This announcement, made on June 2, 2025, marks a significant step towards integrating digital assets into corporate financial planning.
VivoPower, following a successful fundraising of $121 million, aims to leverage XRP as a key component of its treasury reserves, positioning itself at the forefront of institutional crypto adoption. The company will utilize BitGo’s OTC trading desk for the acquisition and rely on BitGo’s institutional-grade custody solutions to secure its digital assets.
This strategic partnership underscores the growing trend of corporations diversifying their treasury holdings with cryptocurrencies, following in the footsteps of companies that have adopted Bitcoin as a reserve asset. VivoPower’s focus on XRP highlights the altcoin’s potential for institutional use cases, particularly in decentralized finance (DeFi) solutions.
BitGo, known for its robust security and infrastructure in the crypto space, expressed enthusiasm about supporting VivoPower’s vision. The collaboration is expected to pave the way for other corporations to explore digital asset strategies, potentially accelerating mainstream acceptance of cryptocurrencies like XRP.
The $100 million investment is seen as a milestone for XRP, which has faced regulatory challenges in recent years. Industry experts believe this move could boost confidence in the altcoin and encourage further institutional interest.
As the partnership unfolds, the financial world will be watching closely to see how VivoPower’s bold treasury strategy influences corporate adoption of digital assets. This development could signal a new era for XRP and other cryptocurrencies in the institutional investment landscape.
Maria Lourdes
