VivoPower says it also has plans to acquire XRP

Description

Nasdaq-listed solar power firm VivoPower International has seen its shares rise by 32% after the company announced the purchase of $100M worth of Ripple Labs shares. The jump took the company’s shares to $5.10 on Friday, coming after the firm expanded its XRP-focused digital asset treasury strategy. In the press release made by the company, the decision to purchase the shares came after two months of due diligence. The first is expected to acquire shares directly from existing shareholders, pend...