BitGo will facilitate the $100 million XRP buy by publicly traded firm VivoPower Worldwide PLC, the businesses have introduced.
VivoPower will leverage BitGo’s digital property infrastructure to accumulate XRP (XRP) as the corporate seems to execute the acquisition of an preliminary $100 million value of the Ripple cryptocurrency. The 2 companies shared the event in an announcement on June 2, 2025.
Particularly, BitGo has entered a strategic partnership with VivoPower, with this permitting the Nasdaq-listed agency to purchase and commerce XRP by way of BitGo’s over-the-counter buying and selling desk. VivoPower can even faucet into BitGo’s custody custody resolution to carry its XRP.
The partnership with BitGo comes simply days after VivoPower introduced its elevating $121 million to purchase XRP as a part of its digital asset treasury technique.
“VivoPower is committed to driving value for our shareholders by building out a leading digital asset treasury strategy,” stated Kevin Chin, govt chairman and chief govt officer of VivoPower. “[It’s] a mission we plan to accomplish through partnerships with best-in-class digital asset leaders like BitGo,” Chin added.
Mike Belshe, CEO of BitGo, echoed the sentiment.
In keeping with Belshe, the collaboration indicators “VivoPower’s commitment to digital assets,” aligning with the present pattern of elevated institutional adoption of crypto.
The partnership is BitGo’s newest throughout the sector, as establishments more and more look to its custody and buying and selling resolution as they make forays into the digital asset house. Establishments leverage BitGo’s OTC desk for deep liquidity and high-volume trades, in addition to staking and financing.
Based in 2013, BitGo’s traction contains partnerships with crypto trade’s main platforms, exchanges, and types. It additionally serves retail buyers.
The crypto custody agency introduced its international OTC crypto buying and selling desk in February, with key options together with spot and derivatives buying and selling.
A partnership with Copper additionally revealed the disclosing of a buying and selling resolution with off-exchange settlement on Deribit. In the meantime, a latest regulatory nod from Germany’s BaFin allowed BitGo to broaden its companies in Europe.
BitGo can be eyeing public itemizing.
