VivoPower International PLC has unveiled plans to invest $100 million in Ripple Labs shares, accelerating its strategic pivot toward cryptocurrency markets while triggering a sharp rise in its stock value. The company saw its shares climb 32.12% to $5.10 following the announcement, reflecting investor confidence in the move.
The investment will include both shares in Ripple Labs and XRP tokens upon completion. VivoPower aims to become the first publicly listed US company offering combined exposure to Ripple equity and the XRP cryptocurrency. The acquisition remains subject to approval by Ripple’s executive management after two months of due diligence.
For custody services and valuation, VivoPower will partner with BitGo and Nasdaq Private Market. The arrangement includes quarterly appraisals of the Ripple shareholdings to ensure transparency. Ripple Labs, which holds approximately 41 billion XRP primarily in escrow, also operates the RLUSD stablecoin alongside its digital asset ecosystem services.