VivoPower International PLC, a Nasdaq-listed solar energy firm, saw its stock soar over 32% on Friday after unveiling a $100 million plan to purchase privately held Ripple Labs shares.
The move cements the company’s strategy of combining equity stakes in Ripple with direct XRP token holdings.
CEO Kevin Chin said the dual approach is designed to maximize returns while lowering the average cost of XRP acquisition. If approved by Ripple’s executive team, the deal will see VivoPower buy shares from existing holders, making it the first US-listed company to offer exposure to both Ripple equity and XRP.
For custody and settlement, the firm will partner with BitGo and Nasdaq Private Market, Ripple’s chosen platform for private share transactions.
Quarterly audits will be conducted to verify holdings. Management estimates the strategy could reduce its implied XRP cost to just $0.47 per token—far below current market prices—while potentially boosting shareholder value by more than $5 per share for every $10 million invested in Ripple equity.
Ripple, best known for its XRP token, also operates the RLUSD stablecoin and has stakes in several digital asset ventures, including custody services and payment infrastructure.
At the time of writing, XRP is trading at $3.3 after a 6.5% surge in the past 24 hours and 21% on the weekly chart.
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Reporter at Coindoo
Source: https://coindoo.com/nasdaq-firm-to-acquire-100m-in-ripple-equity/