Bitgo, a leading crypto guardianship and trading company, has entered into a strategic partnership with Vivopower. As part of this deal, Vivopower will use the exclusive freely available (OTC) trade services from Bitgo to buy $ 100 million in XRP tokens. This step is part of the new treasury strategy from Vivopower, after the successful fundraising of $ 121 million.
A sign of growing interest in Altcoin Treasury Holdings
This step from Vivopower marks one of the first major allocations of the company chips in XRP – a movement that reflects what companies such as MicroSstrategy did with Bitcoin. By keeping crypto assets as part of their business reserves, companies want to diversify and possibly benefit from the growing market for digital assets.
John Deaton’s look at the bigger picture
Responding to the news, connected Pro-XRP lawyer and expert John Deaton this development with a broader trend. He remembered how, after the long -awaited approval of Bitcoin Spot ETFs, he had predicted that ETFs would eventually follow for other altcoins such as ETH, XRP and Sol.
Although some people doubted him at the time, the reasoning of Deaton was based on a simple observation: as soon as Bitcoin ETFs proved to be enormously successful-even one of the best performing ETFs in history will of course want to replicate that success with other digital assets.
Companies that copy the Bitcoin Treasury model
Deaton also explained what Michael Saylor and MicroSstratey did with Bitcoin – making a company of a business painting – ultimately inspire other companies to do the same with selected Altcoins such as XRP. The Movement of Vivopower seems to be the first public example of this trend form.
Greed stimulates innovation
Deaton was clear that he does not endorse or celebrate these actions, but rather shows how financial incentives and the appetite of Wall Street often predict market shifts for profit before regulations or public sentiment.