XRP to the Moon? 🚀 A Prince & $19M!

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So, it appears VivoPower International PLC (NASDAQ: VVPR – yes, they went with that name) has managed to convince people to hand over $19 million. Nineteen million! Apparently, that’s enough to buy a truly impressive number of digital somethings, specifically XRP. They’re planning on… well, holding it. For a long time. Like a digital pet rock, but with slightly more volatile emotional outbursts. 🤷

This, we are informed, is good for XRP. It gives it “credibility.” Which, let’s be honest, is what all digital assets crave. Credibility. It’s right up there with low transaction fees and not accidentally being used to fund nefarious activities. Institutional interest is also “growing,” apparently. One can only assume the institutions are gathering in dimly lit rooms, stroking their chins and murmuring gravely about the potential for…digital treasury things. 🤔

The market, predictably, had a little wiggle of excitement, shooting up 5% before remembering its better self and pausing for a breather. The MACD, a creature of immense technical complexity (or so they say), has turned “bearish.” Which sounds terrifying. The CRSI is “neutral.” Which is, frankly, deeply disappointing. It’s like ordering a pizza and finding out it’s just… beige. 🍕

The idea is that a well-funded, publicly traded company just having some XRP will somehow attract more, bigger companies. It’s the digital equivalent of hoping your nicely-arranged garden tools will subtly influence your neighbours to take up competitive gardening. Analysts, those insightful beings, seem to think so. They’ve noted things. With pens. And charts. 📊

Oh, and the original offering was apparently overseen by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud. Because of course it was. Everything is better with royalty. The whole thing was filed with the SEC under a form number that’s long enough to use as a particularly ambitious bookmark (File No. 333-287060, if you’re into that sort of thing). You can find the prospectus on the SEC’s website, should you be experiencing extreme insomnia. 😴

So, VivoPower is attempting to become a corporate treasury for the crypto world. A noble endeavor, really. Or possibly just a very elaborate gamble. It remains to be seen if this will stabilize the price of XRP, encourage more people to use it, or simply provide a fascinating case study for future business school students. Probably the last one.🔄

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2025-10-02 10:07