VivoPower International PLC announced a significant strategic investment, acquiring $100 million worth of shares in Ripple, the digital payments company known for its XRP cryptocurrency.
This investment corresponds to an underlying position in approximately 211 million XRP tokens, valued at approximately $696 million. Crucially, VivoPower secured this exposure at an estimated 86% discount to the market price of XRP.
The move establishes VivoPower as the singular U.S.-listed company offering investors exposure to both Ripple shares and the XRP cryptocurrency. This unique dual exposure offers a distinct value proposition to market participants.
Following the announcement of this strategic transaction, VivoPower’s own stock price experienced a pronounced increase, surging more than 40% over the subsequent five trading days.
This substantial investment is viewed as enhancing VivoPower’s strategic positioning within the cryptocurrency and financial technology landscape, potentially increasing its overall investment value and market presence.