VivoPower to purchase initial $100 million of Ripple shares
Main Idea
VivoPower International announced its plan to acquire Ripple Labs shares as part of its digital asset treasury strategy, leading to a 10% increase in its stock price.
Key Points
1. VivoPower International (NASDAQ:VVPR) will acquire Ripple Labs shares to enhance its XRP-focused digital asset treasury strategy.
2. The announcement caused VivoPower's shares to rise by 10% in morning trade.
3. The decision follows two months of due diligence by VivoPower.
Description
More on VivoPower International, Ripple USD Bitcoin Pulls Back, Leaving A Mixed Sentiment In Crypto Markets (Technical Analysis) XRP Surges 10% In 24 Hours As Bitcoin Consolidates Below $120k XRP: Breakout Above $3.2 Gains Momentum Ahead Of ETF Launch (Technical Analysis) Ripple to acquire stablecoin payments platform Rail for $200M It's not just about bitcoin anymore. Altcoins are drawing more corporate attention
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