The “new ally” in Forbes’s June 2, 2025 report was corporate cryptocurrency treasury buying, with Saudi-backed VivoPower named as an example. Forbes said the company planned to buy $121 million worth of XRP using funds raised through a private share placement. That was an announced plan—not confirmation that the purchase took place—and the report does not establish that treasury buying caused XRP’s reported rally.
What Forbes reported about XRP and Bitcoin
In a June 2, 2025 article, Forbes reported that XRP had risen about 300% over the preceding year, compared with roughly 50% for Bitcoin. Those are figures reported by Forbes, not a current market comparison: the accessible article does not specify the return-measurement dates or the source of its price data. Read the Forbes report.
The headline’s “ally” refers to a possible source of corporate demand: companies holding crypto as part of a treasury strategy. It does not mean that XRP has a formal partner or that a corporate purchase necessarily moves its market price.
What VivoPower planned—and what remains unconfirmed
Forbes said Saudi-backed VivoPower planned to buy $121 million worth of XRP, with the funds to come from a private share placement. The report describes an intended purchase. It does not verify that VivoPower completed the placement or acquired the XRP, so the figure should not be treated as a confirmed holding.
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The distinction matters to investors: a company announcement can signal interest, but it is not the same as a completed transaction or a recurring commitment to buy. The available reporting does not establish a schedule for purchases or provide a verified post-transaction XRP balance.
Does corporate treasury buying explain XRP’s rally?
No causal conclusion follows from the facts reported. Forbes placed VivoPower’s plan alongside XRP’s reported performance and described a broader treasury-company trend, but the accessible account does not show that these purchases caused the price rise. It also does not quantify how much corporate treasury demand contributed to XRP trading or compare that demand with other influences on price.
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For personal-finance decisions, keep the two claims separate: Forbes reported a large past gain over an unspecified one-year measurement window, and VivoPower planned a substantial purchase. Neither fact establishes what XRP will do next, and a company’s treasury strategy does not guarantee appreciation.
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How to read the headline as an investor
- Check the date: Forbes published the report on June 2, 2025. Its return figures describe the preceding year as reported then, not performance through today.
- Distinguish plans from completed purchases: the $121 million figure was described as VivoPower’s plan, funded by a private placement.
- Separate timing from causation: a treasury announcement occurring alongside a rally does not prove it drove the rally.
- Do not extrapolate a past return: the reported comparison provides no forecast or assurance of future returns.
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