VivoPower Plans $100M Ripple Shares Acquisition Expanding XRP Exposure

VivoPower International (VVPR) has made a groundbreaking move by acquiring $100 million in privately held Ripple Labs shares, becoming the first publicly traded U.S. company to provide investors direct exposure to both Ripple shares and XRP tokens. This strategic acquisition is part of VivoPower's XRP-focused digital asset treasury strategy, aiming to acquire XRP at an implied price of $0.47 per token, representing an 86% discount compared to market prices. Ripple Labs holds 41 billion XRP tokens, about 41% of the total supply, alongside operating several digital asset businesses such as RLUSD stablecoin, Hidden Road, and MetaCo. VivoPower's CEO Kevin Chin emphasized that this approach aligns with building a sustainable long-term treasury model, and the company has engaged BitGo for digital asset custody and Nasdaq Private Market for securities infrastructure. The announcement led to a 10% surge in VivoPower's share price, signaling strong investor confidence in its transition from sustainable energy solutions to an XRP-focused digital asset enterprise. This development could set a precedent for other companies exploring direct investment in digital assets.