VivoPower Shifts to Digital Assets: Partners with BitGo for $100 Million XRP Institutional Treasury Allocation
Nasdaq-listed VivoPower International PLC is making a significant pivot from sustainable energy to the digital asset sector. The company announced a $100 million XRP purchase as a central part of its new treasury strategy, marking one of the largest institutional allocations into XRP to date. This initiative follows a recent $121 million fundraising round. To ensure secure and efficient execution, VivoPower has partnered with BitGo, a leading crypto custody firm. The acquisition will be executed via BitGo’s OTC trading desk to minimize market impact, with BitGo also providing secure storage and compliance solutions, including asset insurance. This large-scale move mirrors earlier corporate treasury strategies seen with Bitcoin and indicates growing institutional interest in diversifying into alternative cryptocurrencies such as XRP. Industry experts suggest this could spur the future introduction of XRP ETFs and greater adoption of altcoin treasury holdings. Crypto traders should monitor how such large allocations affect XRP liquidity, sentiment, and the broader trend of institutional adoption within the market.
Bullish
This news represents a major institutional endorsement of XRP, with VivoPower allocating $100 million into the cryptocurrency as part of a strategic shift. The partnership with BitGo ensures strong regulatory compliance and asset security, measures highly valued by other institutions considering similar moves. Large-scale OTC execution will help limit short-term market volatility, but such a significant allocation tends to boost long-term liquidity, credibility, and market sentiment for XRP. This mirrors the positive market impact observed when MicroStrategy and other corporates adopted Bitcoin treasury strategies. Additionally, expectations for future XRP ETFs and an expanded scope for altcoin adoption further support a bullish outlook for XRP as institutional interest increases.