“The Nasdaq-Listed Energy Firm Aims to Be the Firmst Public Company with Xrp Focus, with Ex-Ripple Executive Joinger as Chairman of the Advisory Board.”, – WRITE: www.coindesk.com
The Fourth Largest Cryptocurrency by Market Capitalization.
The raise was lad by Saudi Prince Abdulaziz Bin Turki Abdulaziz Al Saud, Investing $ 100 Million, A Spokesperson to the Company Told Coindesk. The Company Sold 20 Million Ordinary Shares Priced At $ 6.05 Per Share.
Adam Traidman, A Former Ripple Executive Who Led The SBI Ripple Asia, is Joinger The Company As Chairman of the Board of Advisors, Accounting to the Press Release. Ripple is an Enterprise-Focused Blockchain Service Provider Closely Related to the XRP Ledger.
Vivopower Shares Surged As Much As 26% On the News Before Giving Back Somes. Recently, they Were up over 11%, Trading AROUND $ 6.75.
The MOVE IS The Latest Example of Public Firms Raising Money to Purchase and Add Digital Assets to Their Treasuries of Bitcoin
. While Btc Has Been The MOST SOUGHT-FIR AMOGT AMONG THESE FIRMS, RECENT NEWCOMERS LIKE DEFI Development and Sharplink Gaming Directed Their Focus to Solana’s Sol
and Ethereum’s Ether
respectvely.
Vivopower, Founded in 2014, Aims to Be The First Publicly Traded Company With A Crypto Treasury Strategy Centered AROUND XRP. It Also Plans to Spin Off It Legacy Business.
“After Review A Number of Listed Vehicles Seeking to Embrace A Digital Asset Treasury Model, We Selected Vivopower Given ITS Strategic Focus on Xrp and ITS OBUCTIVE TOCO Xrpl EcoSystem, “Prince Abdulaziz Said in A Statement. “We have been investors in the Digital Asset Sector for a Decade and Have Been Long-Term Holders of XRP.”
Read More: Xrp Spot etf in The US MOVES CLOSER TO REALITY
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