VivoPower International PLC announced today that it is acquiring a stake in Ripple Labs as part of its XRP-focused digital asset money management strategy. After two months of due diligence, VivoPower has plans to purchase $100 million worth of privately held shares in Ripple. This includes a definitive agreement directly with existing Ripple shareholders, subject to final approval from Ripple's senior management. In addition to these transactions, VivoPower will continue to acquire and hold XRP tokens directly.
Ripple minted a fixed number of 100 billion XRP tokens at its inception, and the network is currently in a mildly deflationary state given that around 14 million XRP tokens have been destroyed to date. Ripple continues to hold 41 billion XRP tokens, primarily in escrow. In addition, Ripple also has several operating businesses, including its stablecoin RLUSD, digital asset prime brokers HiddenRoad, MetaCo, and StandardCustodyandTrustCompany, as well as the recently acquired stablecoin payment platform company Rail.
On a weighted average basis, this strategy is designed to make the acquisition cost per share of XRP tokens significantly lower than the market price of XRP. For each $10 million of XRP acquired, VivoPower shareholders expect to receive an appreciation of $5.15 per share (this appreciation is based on factors such as VVPR, XRP's current market price, and XRP's weighted average acquisition price, all of which are subject to volatility and change).
VivoPower to buy $100 million worth of Ripple shares
2025-08-08 13:55:30
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