BitGo, a top digital asset infrastructure provider, has partnered with VivoPower International PLC, a Nasdaq-listed company pivoting to decentralized finance, to manage a $100 million XRP acquisition. Announced today, this strategic collaboration uses BitGo’s expertise in custody and trading to support VivoPower’s ambitious XRP-focused treasury strategy, marking a significant step in institutional crypto adoption.
The $100M XRP Investment
The partnership aims to establish VivoPower as a trailblazer in decentralized finance by building a robust XRP treasury. BitGo will serve as the exclusive over-the-counter (OTC) trading desk, ensuring seamless, high-volume XRP purchases without market disruption. Additionally, BitGo’s cold storage custody platform will safeguard VivoPower’s XRP, offering top-tier security for large-scale digital assets.
VivoPower had raised $121 million earlier in a private share placement to launch an XRP treasury strategy. The raise was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who invested $100 million. The company sold 20 million shares at $6.05 per share, slightly above its last closing price.
This latest partnership follows VivoPower’s shift from sustainable energy to a digital asset enterprise, aiming to capitalize on XRP’s potential in real-world blockchain applications.
XRP Market Status
BitGo has a track record of enabling crypto ventures, notably partnering with Upexi Inc. in May 2025 to manage its digital asset portfolio, boosting Upexi’s stock by over 200%. Such collaborations highlight BitGo’s growing role as a trusted custodian for institutional crypto adoption.
Meanwhile, XRP is holding steady at around $2.30, with support at $2.28 and resistance at $2.35, following a breakout from a long-term descending triangle.
The token’s stability is enhanced by regulatory developments, such as the SEC’s review of a WisdomTree XRP ETF and Brazil’s XRP ETF launch in April 2025, which signals a rising institutional interest. However, XRP’s price remains sensitive to regulatory clarity and market sentiment.
The firms plan to deepen their collaboration, with VivoPower now aiming to expand its XRP holdings and invest in XRPL’s DeFi ecosystem by Q3 2025. This partnership could set a precedent for public companies embracing digital assets, potentially driving XRP’s mainstream adoption.
