The post VivoPower says it also has plans to acquire XRP appeared on BitcoinEthereumNews.com.

Nasdaq-listed solar power firm VivoPower International has seen its shares rise by 32% after the company announced the purchase of $100M worth of Ripple Labs shares. The jump took the company’s shares to $5.10 on Friday, coming after the firm expanded its XRP-focused digital asset treasury strategy. In the press release made by the company, the decision to purchase the shares came after two months of due diligence. The first is expected to acquire shares directly from existing shareholders, pending approval from the executive management of Ripple. “Our portfolio construction strategy is to buy a combination of Ripple shares and XRP tokens. This will allow us to optimize for yield maximization while also minimizing the weighted average cost of XRP acquired,” Kevin Chin, executive chairman and CEO of VivoPower, said. VivoPower says it also has plans to acquire XRP According to the statement, VivoPower will also acquire XRP tokens directly, becoming the first publicly listed US firm to provide investors with exposure to both Ripple equity and XRP. To manage the strategy, Vivopower is expected to work with BitGo for custody and Nasdaq Private Market, Ripple’s handpicked partner for private share transactions. VivoPower’s Ripple holding will be reviewed by an independent auditor every quarter. In its statement, VivoPower argues that the combined strategy will reduce the average acquisition cost per XRP to about $0.47, representing a discount of about 86% to current market prices. This is based solely on Ripple’s XRP holdings and excludes the value of its other business lines. According to the company, every time it purchases $10 million worth of Ripple shares, it could add about $5.15 per share in value for VivoPower shareholders, though it still depends on market volatility. Ripple, which created 100 billion XRP at inception, has burned about 14 million tokens to date,…

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Filed under: News - @ August 9, 2025 3:29 pm