$XRP Nasdaq-listed solar power company VivoPower International saw its shares jump 32% to $5.10 after announcing a bold $100 million plan to purchase privately held Ripple Labs shares and expand its XRP-focused treasury strategy.
The deal—pending Ripple management’s approval—comes after two months of due diligence and will involve buying Ripple shares directly from existing shareholders.
According to CEO Kevin Chin, the strategy combines both Ripple equity and XRP token holdings to “optimize yield” and reduce the average cost of acquiring $XRP
VivoPower is also continuing direct $XRP purchases, making it the first publicly listed U.S. company to give investors exposure to both Ripple equity and XRP. 💡 Takeaway: A green energy company doubling down on Ripple and XRP? This could mark a new wave of corporate crypto adoption. #Ripple #Treasury #BinanceAlphaAlert #CryptoNews #xrp
