VivoPower International PLC has finalized the acquisition of $100 million worth of shares in Ripple, providing the company with unique exposure to the cryptocurrency market.
The deal grants VivoPower access to 211 million XRP tokens held by Ripple. This significant holding offers VivoPower indirect exposure to XRP at an effective price of approximately $0.47 per token, representing an estimated 86% discount compared to the token’s market value at the time of the transaction.
Following the announcement of this strategic acquisition, VivoPower’s stock experienced a notable surge, climbing over nine percent.
By securing this stake, VivoPower becomes the sole company listed on a major U.S. stock exchange to hold exposure to both Ripple equity and a substantial quantity of XRP tokens directly associated with Ripple’s holdings.
This investment aligns with an increasing trend of corporate entities seeking exposure to the XRP cryptocurrency.