VivoPower Forms Strategic Partnership With BitGo To Launch $100M XRP Acquisition And Digital Asset Treasury Strategy Using BitGo's Premier OTC Trading Desk and Custody Platform

+2.28% Post

VivoPower International PLC

VVPR

0.00

VivoPower to leverage BitGo's best-in-class OTC trading desk and custody platform to build digital asset treasury strategy

NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- BitGo, the leading infrastructure provider of digital asset solutions, and VivoPower International PLC (NASDAQ:VVPR, "VivoPower"))), a publicly traded company that recently announced transition to an XRP focused treasury and decentralized finance solutions company, today announced a strategic partnership. VivoPower, having successfully raised US$121 million, will leverage BitGo as an exclusive over-the-counter (OTC) trading desk to acquire XRP for its initial US$100 million acquisition of XRP tokens.

VivoPower will exclusively leverage BitGo for both the trading of its XRP holdings through BitGo's 24/7/365 OTC trading desk and holding of its assets through BitGo's best-in-class custody platform. As a result, VivoPower is expected to benefit from BitGo's liquidity, robust execution capabilities, and secure cold storage infrastructure.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.