XRP News Today: VivoPower Surges 32.12% After $100M Ripple Investment Announcement

VivoPower International, a solar energy firm newly listed on the U.S. Nasdaq, has taken a groundbreaking step by announcing a $100 million purchase of Ripple (XRP) shares. The company will acquire both equity and XRP tokens, marking the first time a publicly traded U.S. firm has simultaneously invested in the equity and native token of the same blockchain company. The move is part of VivoPower’s broader digital asset treasury strategy focused on XRP and follows a two-month due diligence process [2].

The firm stated that for every $10 million in Ripple shares acquired, its shareholders can expect an increase in value of approximately $5.15 per share. This investment is effectively buying XRP at an implied price of $0.47 per token [1]. Ripple, which holds approximately 41% of the total XRP supply—amounting to 41 billion tokens—is backed by major investors including Andreessen Horowitz and Google Ventures [2].

VivoPower’s decision has already triggered a strong market reaction. Following the announcement, its shares surged by as much as 32.12% in early trading, indicating investor enthusiasm for the firm’s strategic shift into the digital asset space [4]. The company has positioned itself as the first publicly traded entity in the United States to offer shareholders direct access to both Ripple shares and XRP coins [2].

This development underscores the growing institutional interest in XRP and highlights the increasing convergence between traditional financial markets and the cryptocurrency sector. Ripple has described the investment as a step toward building a “comprehensive” stablecoin solution [5]. Analysts have suggested that VivoPower’s bold move could influence other public companies to explore similar strategies, potentially altering the broader valuation and adoption trajectory of XRP [1].

Source:

[1] https://www.cbs17.com/business/press-releases/globenewswire/9509049/vivopower-to-purchase-initial-us100-million-of-ripple-shares-effectively-buying-xrp-at-an-implied-us0-47-per-token

[2] https://en.bitcoinsistemi.com/historic-moment-a-company-listed-in-the-us-for-the-first-time-announces-it-will-purchase-a-large-amount-of-ripple-xrp-shares/

[3] https://news.futunn.com/en/post/60348363/vivopower-to-acquire-100m-in-ripple-shares-advancing-xrp-focused

[4] https://www.ainvest.com/news/xrp-news-today-vivopower-shares-jump-32-12-100m-ripple-buy-plan-boost-xrp-strategy-2508/

[5] https://www.aol.com/why-xrp-ripple-soaring-today-210306401.html