- VivoPower’s $100M XRP allocation marks one of the first significant altcoin treasury moves by a public company.
- BitGo is solely responsible for acquiring XRP, highlighting the maturing tools available for managing altcoins.
- With Bitcoin and Ethereum having ETFs already, XRP is expected to be included in future ETF holdings.
Corporate interest in XRP has taken a significant step forward following a newly announced $100 million acquisition plan. BitGo, a crypto custody and trading firm, confirmed a strategic partnership with VivoPower. The agreement terms have BitGo become VivoPower’s exclusive over-the-counter (OTC) trading partner, facilitating VivoPower’s XRP purchase.
The trade, backed by the raise of $121 million in capital, will form part of VivoPower’s new corporate treasury strategy. It marks a shift towards altcoin inclusion in treasury holdings and aligns with new specifications for future XRP ETFs.
Major XRP Allocation Points to Altcoin Treasury Adoption
VivoPower’s action appears to be the first high-profile example of this trend. VivoPower’s planned purchase represents one of the first sizable XRP treasury allocations by a known company. According to the statement, BitGo will handle the entire OTC execution of the $100 million acquisition.
This method is similar to what some companies did with Bitcoin, adding digital assets to their reserves as a smart investment. VivoPower’s selection of XRP may encourage more companies to use altcoins in their operations.
This trend develops due to broader developments in crypto investments, following the recent approval of Bitcoin Spot ETFs. Since then, the performance of these ETFs has made them leading players in the financial sector, grabbing the interest of major institutions.
ETF Outlook Expands Beyond Bitcoin and Ethereum
Deaton noted that companies could adopt strategies similar to Michael Saylor’s Bitcoin-focused treasury model. He mentioned Ethereum, XRP, and Solana as possible assets for future corporate holdings.The success of Bitcoin Spot ETFs has had a ripple effect across the financial sector. With Ethereum ETFs now following suit, industry observers have noted increased discussion around additional altcoin-backed ETFs. Assets such as XRP and Solana are frequently mentioned in this context.
The approval process of these products faced significant regulatory hurdles. Bizarrely, the SEC’s early rejection of Bitcoin ETFs was deemed “arbitrary and capricious” by a federal court — a step which went a long way toward clearing the way for further approvals. Banking institutions have since looked for ways to replicate Bitcoin’s ETF-driven momentum with other cryptocurrencies, especially those with growing liquidity and market structure support.
Strategic Shifts Reflect Broader Institutional Demand
Corporate strategies are beginning to adapt to the changing digital asset landscape. Some firms now mirror earlier treasury models seen with Bitcoin, though at a smaller scale. VivoPower’s action highlights how certain companies are taking initial steps to diversify reserves using altcoins.
This shift appears rooted in financial opportunity rather than ideology. With XRP now part of a public treasury allocation plan, it became one of the earliest altcoins to see such use. The move may signal a rising trend where institutional interest extends beyond traditional crypto leaders. As new financial products continue to evolve, current activity around XRP marks a clear signal of expanding altcoin utility in institutional frameworks.
