As companies like GameStop and Trump Media gear up to add Bitcoin to their balance sheets, international companies VivoPower and Webus International are moving to acquire Ripple’s XRP.

Both companies announced their intentions this week, with VivoPower planning to buy $121 million of XRP, and Webus International looking to acquire up to $300 million.

Webus is an AI-powered chauffeur services company based in China, and VivoPower is a sustainable energy solutions company based in the United Kingdom. However, the capital raise is being led by Prince Abdulaziz bin Turki bin Talal Al Saud, a member of the Saudi royal family.

Both companies are utilizing XRP as part of their digital asset strategies, but each has a slightly different focus.

Webus cites its XRP reserve as a means of supporting global payments solutions through traditional finance use cases, such as cash reserves, lending, shareholder guarantees, and third-party-backed credit facilities.

Meanwhile, VivoPower is utilizing XRP as part of its digital treasury strategy, aiming to support DeFi infrastructure and real-world asset (RWA) applications.

Both are contributing to the growing trend of publicly traded companies acquiring cryptocurrency, with Trump Media recently announcing its intent to purchase $2.5 billion of BTC, and SharpLink Gaming stepping up to purchase $425 million of ETH.

“We have been investors in the digital asset sector for a decade and have been long–term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out the XRPL ecosystem,” said Prince Abdulaziz bin Turki bin Talal Al Saud in a release.

Despite the promise of new inflows, XRP is down 4.6% over the last 24 hours and 8% over the last week, trading at a $129 billion market capitalization.