Nasdaq-listed VivoPower completes $19 million capital increase… expands XRP accumulation
Suehyeon Lee
Summary
- Nasdaq-listed VivoPower said it completed a $19 million capital increase.
- VivoPower said it plans to allocate the funds to an XRP (XRP) purchase·operation·long-term holding strategy.
- The company said it seeks to strengthen crypto asset treasury management capabilities to pursue financial stability and market competitiveness.
Nasdaq-listed VivoPower, which is strategically accumulating XRP (XRP), plans to strengthen its XRP holding strategy through a capital increase.
On the 2nd (local time), UBlockchain reported that VivoPower completed a $19 million (about 26.6 billion won) capital increase the previous day. The additional common share issuance was conducted at $6.05 per share.
VivoPower plans to deploy the secured funds into a Ripple (XRP) purchase·operation·long-term holding strategy. The company said it will strengthen its virtual asset (cryptocurrency) treasury management capabilities to secure future financial stability and market competitiveness.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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