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VivoPower Secures $121M War Chest for XRP Treasury Play—Saudi Royals Place Their Bet
VivoPower Secures $121M War Chest for XRP Treasury Play—Saudi Royals Place Their Bet
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In a move that blends crypto ambition with royal intrigue, VivoPower just locked down $121 million to fuel its XRP treasury strategy. The kicker? Backing from Saudi Arabia’s monarchy—because nothing says ’institutional adoption’ like petrodollars chasing digital assets.
The funding round reads like a hedge fund fever dream: deep-pocketed sovereign wealth meets blockchain’s most polarizing altcoin. XRP maximalists will tout this as validation; skeptics will note the Saudis have a habit of throwing money at shiny objects (see: Neom, The Line, and every other desert mirage).
One thing’s clear—when traditional finance and crypto collide, the smart money watches where the whales swim. Even if those whales happen to wear golden keffiyehs.
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