VivoPower raises $121 million to launch XRP strategic reserve

BlockBeats News: On May 29th, according to CoinDesk, Nasdaq listed energy company VivoPower (NASDAQ code: VVPR) completed a $121 million private placement, and the funds will be used to build a digital asset reserve strategy centered on XRP. Abdulaziz bin Turki Abdulaziz Al Saud, a member of the Saudi royal family, led the investment, with Adam Traidman, a former SBI Ripple Asia executive, serving as the chairman of the advisory committee.