BitGo, a leading crypto custody and trading firm, has entered a strategic partnership with VivoPower. As part of this deal, VivoPower will use BitGo’s exclusive over-the-counter (OTC) trading services to purchase $100 million worth of XRP tokens. This move is part of VivoPower’s new treasury strategy, following its successful $121 million fundraising round.
This step by VivoPower marks one of the first major corporate treasury allocations into XRP — a move that mirrors what companies like MicroStrategy did with Bitcoin. By holding crypto assets as part of their corporate reserves, firms aim to diversify and potentially benefit from the growing digital asset market.
Reacting to the news, Pro-XRP attorney and expert John Deaton connected this development to a broader trend. He recalled how, after the long-awaited approval of Bitcoin Spot ETFs, he had predicted that ETFs for other altcoins like ETH, XRP, and SOL would eventually follow.
While some doubted him at the time, Deaton’s reasoning was based on a simple observation: once Bitcoin ETFs proved to be massively successful, even becoming some of the best-performing ETFs in history, Wall Street would naturally look to replicate that success with other digital assets.
Deaton also explained that what Michael Saylor and MicroStrategy did with Bitcoin — turning it into a corporate treasury asset — would eventually inspire other firms to do the same with select altcoins like XRP. VivoPower’s move seems to be the first public example of this trend taking shape.
Deaton was clear that he isn’t endorsing or celebrating these actions, but rather showing how financial incentives and Wall Street’s appetite for profits often predict market shifts before regulations or public sentiment catch up.
BitGo is providing OTC trading services for VivoPower’s $100M XRP acquisition as part of a strategic partnership.
Similar to MicroStrategy’s Bitcoin approach, VivoPower is pioneering XRP as a corporate treasury asset.
Experts predict XRP ETF approval following Bitcoin ETF success, potentially boosting XRP’s institutional adoption and price.
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