
VivoPower Stock Soars 32% After $100M Ripple Labs Share Purchase Plan
VivoPower Stock Surges After Ripple Investment Announcement
$100 Million Ripple Share Purchase Plan
VivoPower International PLC (Nasdaq: VVPR) jumped 32.12% to $5.10 on Friday. The surge followed news that the company plans to buy $100 million worth of Ripple Labs shares. This move supports its XRP-focused digital asset treasury strategy.
The purchase will be made from current Ripple shareholders, pending approval from Ripple’s executive management. VivoPower confirmed the decision came after two months of due diligence.
Dual Investment Strategy: Ripple Shares and XRP Tokens
“Our portfolio construction strategy is to buy Ripple shares and XRP tokens,” said Kevin Chin, Executive Chairman and CEO of VivoPower. “This helps optimize yield and reduce the weighted average cost of XRP.”
The company will continue direct XRP token purchases. It will also become the first publicly traded US company to give investors exposure to both Ripple equity and XRP.
Custody and Market Infrastructure
VivoPower has partnered with BitGo for secure digital asset custody. For private share transactions, it will use Nasdaq Private Market, Ripple’s preferred platform. An independent auditor will review Ripple holdings every quarter.
Ripple created 100 billion XRP and currently holds about 41 billion in escrow. The company has burned around 14 million tokens so far. Ripple’s ecosystem also includes:
-
RLUSD stablecoin
-
Digital asset prime broker Hidden Road
-
Custodians MetaCo and Standard Custody & Trust
-
Stablecoin payment platform Rail
Financial Impact of the Acquisition
VivoPower estimates that its combined Ripple share and XRP purchases could reduce its average XRP acquisition cost to $0.47 — about 86% below current prices, based on Ripple’s holdings. It also projects that every $10 million invested in Ripple shares could add roughly $5.15 per share in value for VivoPower shareholders.
XRP Institutional Adoption in South Korea
In other Ripple-related news, South Korean crypto custodian BDACS has launched regulated XRP custody services. Using Ripple Custody, it will provide secure institutional storage solutions. This follows Ripple’s February partnership with BDACS, which also supports RLUSD stablecoin custody.