๐จHistoric Moment: Ripple Revolution-First-Ever US Listed Company to Acquire Massive $100M Stake in Ripple +XRP๐ข
๐ VivoPower Shares Jump 32% on $100M Ripple Labs Share Purchase Plan
VivoPower International PLC (VVPR) surged 32.12% to $5.10 on Friday after announcing plans to acquire $100 million in privately held Ripple Labs shares, expanding its XRP-focused digital asset strategy. The Nasdaq-listed solar company will buy shares from existing Ripple holders, pending executive approval, following two months of due diligence.
CEO Kevin Chin said the combined purchase of Ripple equity and XRP tokens aims to โoptimize yield while lowering the weighted average cost of XRP acquired.โ Shares gained another 4.51% in after-hours trading.
๐ First US-Listed Company With Ripple + XRP Exposure
VivoPower will be the first publicly traded US firm to provide investors direct exposure to both Ripple Labs shares and XRP coins.
๐ Potential Gains for Shareholders
According to the companyโs statement, for every $10 million worth of Ripple shares purchased, VivoPower (VVPR) shareholders are expected to receive an increase in value of approximately $5.15 per share.
๐ Custody & Execution
VivoPower will partner with BitGo for custody and Nasdaq Private Market for private share transactions, with quarterly independent audits of its holdings.
๐ฐ Why Itโs Significant?
Ripple Labs, creator of 100B XRP, has burned 14M tokens and holds about 41B XRP (41% of supply), mostly in escrow. It also operates the RLUSD stablecoin, prime broker Hidden Road, custodians MetaCo and Standard Custody & Trust, and payment platform Rail.
VivoPower values the deal at an implied XRP cost of $0.47 per token, about 86% below market prices, based solely on Rippleโs XRP holdings.
๐ Related Ripple Developments
Earlier this week, South Korean custodian BDACS launched regulated XRP custody services using Ripple Custody for secure institutional storage.