VivoPower International has successfully raised $19 million at $6.05 per share to enhance its XRP-based treasury strategy and manage existing debt. This fundraising effort follows a significant $121 million investment led by Saudi royal Prince Abdulaziz bin Turki bin Talal Al Saud through Eleventh Holding Company. The company is positioning itself as the first Nasdaq-listed entity to anchor its corporate treasury in XRP, marking a strategic shift in its financial operations. In a move to strengthen its blockchain capabilities, VivoPower has appointed Adam Traidman, a former executive of SBI Ripple Asia, as chairman of the board of advisors. The announcement of the fundraising in May resulted in a 26% increase in VivoPower's share price during intraday trading, reflecting strong market confidence in its new strategic direction.