VivoPower hunts for Ripple shares to 'acquire' XRP at unexpectedly low prices

#VivoPower – a Nasdaq-listed company that previously focused on clean energy – is shifting towards a strategy of accumulating XRP. Recently, the company announced plans to purchase 100 million USD worth of Ripple shares in the secondary market, with a valuation of around 19 billion USD.

Notably, these shares #Ripple are often traded at much lower prices than the massive volume of XRP the company holds. According to VivoPower, this deal allows them to indirectly own XRP at a price equivalent to 0.47 USD/token, which is up to 86% cheaper than the market price.

Ripple currently controls around 42 billion XRP, worth 121 billion USD, most of which is held in escrow to ensure a stable supply. This discipline in managing the XRP supply is what gives VivoPower confidence and prompts their strong investment decision.

However, the shares that VivoPower wants to buy are not directly sold by Ripple, but come from individual transactions between investors on platforms like Forge. The drawback is low liquidity, and transactions can take up to 60 days.

After the SEC withdrew its appeal in the Ripple lawsuit, paving the way for legal stability, VivoPower publicly announced the deal. The company estimates this investment is equivalent to 211 million $XRP in indirect exposure.

👉 With this bold move, VivoPower not only positions itself as a newly emerging 'XRP treasury' but also seizes the opportunity to hunt for Ripple at an unprecedented bargain.

⚠️ This article is intended for informational purposes only and should not be considered investment advice. #anh_ba_cong