Ripple and the broader altcoin ecosystem, VivoPower, a sustainable energy-focused firm, has announced a strategic partnership with BitGo, one of the crypto industry’s top custody and trading service providers. As part of this deal, VivoPower will acquire $100 million worth of XRP tokens through BitGo’s exclusive over-the-counter (OTC) trading desk.
This significant purchase follows VivoPower’s $121 million fundraising round, as the company adopts a new treasury strategy that includes XRP holdings, marking one of the first large-scale corporate treasury allocations into the Ripple-native token.
After the Bitcoin Spot ETF was finally granted (more like demanded – after being forced to fight Gensler’s Bad Faith @SECGov, which was found to have acted “arbitrary and capricious” in denying one), I said that I had zero doubts about Alt-Coin ETFs eventually following – and not… https://t.co/nDp5lnpUNk
— John E Deaton (@JohnEDeaton1) June 2, 2025
Altcoins in Corporate Treasuries: A New Era Begins
VivoPower’s move mirrors the now-iconic Bitcoin strategy employed by MicroStrategy, signaling a shift in institutional sentiment toward alternative digital assets beyond BTC. By integrating XRP into its reserves, VivoPower aims to diversify its balance sheet while capitalizing on long-term gains within the maturing crypto market.
This trend could pave the way for more corporate treasuries to consider altcoin exposure as part of broader financial planning, especially in the context of increasing digital asset legitimacy.
John Deaton: XRP ETF Is Only a Matter of Time
Reacting to the news, prominent crypto attorney and Pro-XRP advocate John Deaton highlighted the strategic implications of this move. Deaton recalled his earlier predictions following the approval of Bitcoin Spot ETFs, where he foresaw ETFs for Ethereum (ETH), XRP, and Solana (SOL) as inevitable next steps in the regulatory pipeline.
According to Deaton, the current developments—particularly a $100 million corporate XRP acquisition—are “clear signals” that XRP is gaining institutional trust, a necessary precursor to future XRP ETF approvals.
BitGo’s Growing Role in Institutional Crypto Adoption
BitGo, a trusted name in crypto custody and trading, is central to this deal. Its OTC trading services provide secure and scalable pathways for institutions to enter crypto markets without impacting public exchange prices. The partnership with VivoPower further cements BitGo’s position as a go-to facilitator for high-volume, secure token acquisitions.
The $100 million XRP purchase is not just a financial move—it’s a market signal, underscoring the growing appetite for regulated, secure access to altcoins by large enterprises.
Conclusion: Ripple’s Institutional Momentum Builds
With XRP adoption gaining steam in the corporate world and legal clarity improving, XRP is increasingly positioned as a viable digital asset for large-scale adoption. The combination of treasury diversification, regulatory progress, and vocal advocacy from figures like John Deaton is rapidly shaping a future where XRP ETFs may soon follow the trajectory set by Bitcoin.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
