$700 Million Worth of XRP Exposure to Be Secured in VivoPower’s Landmark Ripple Share Deal
Main Idea
VivoPower is acquiring Ripple shares, gaining significant exposure to XRP, making it the only U.S.-listed company with access to both Ripple shares and XRP.
Key Points
1. VivoPower's acquisition of Ripple shares will give it exposure to approximately 211 million XRP tokens, valued at around $696 million.
2. The company's shares surged by more than 9% following the announcement and 40% over the past five days.
3. VivoPower will purchase Ripple shares at a valuation of approximately $19 billion, acquiring XRP tokens at $0.47 per token.
4. The deal positions VivoPower as the sole U.S.-listed company offering exposure to both Ripple shares and XRP.
Description
VivoPower getting massive XRP exposure by acquiring Ripple shares
$XRP
$3.1901
-0.36%
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