VivoPower, a Nasdaq-listed clean energy company, has revealed a bold plan to grow its crypto holdings. The company announced it will buy shares in Ripple Labs, the largest holder of the digital asset XRP. This strategic move will give VivoPower more exposure to XRP and at a price far lower than the current market rate. The $100 Million Purchase Plan In its announcement, VivoPower said it had entered agreements to buy $100 million worth of Ripple shares from current shareholders. These agreements are still waiting for final approval from Ripple’s executive team. This investment is part of VivoPower’s long-term strategy to build an XRP-focused treasury . In May, the company raised $121 million to fund its crypto plans. Soon after, it spent $100 million to buy XRP on the Flare Network, aiming to earn income from its holdings. Ripple currently holds 41 billion XRP tokens, worth $135 billion at today’s market price. The energy firm will be buying shares in Ripple at a valuation of $19 billion. That is an 86% discount. This means VivoPower is effectively acquiring XRP at an implied price of $0.47 per token, much lower than the current trading price. Backing Ripple’s Growth and Stablecoin Push VivoPower’s interest in Ripple is not only about buying XRP at a discount. The company says it also believes in Ripple’s long-term growth. VivoPower has compared the firm’s potential to that of Circle, the company behind the USDC stablecoin, which went public earlier this year. Ripple has been expanding its reach, especially in the stablecoin market. It recently launched RLUSD, its own stablecoin, and partnered with banking giant BNY Mellon to handle the coin’s reserves. Ripple’s business portfolio includes Hidden Road, a digital asset prime brokerage; MetaCo, a crypto custodian; and Standard Custody & Trust Company, a regulated custody provider. It also holds interests in various infrastructure and custody services within the digital asset space. The company is also making efforts to acquire Rail, a stablecoin platform. VivoPower Becomes the First to Link Ripple Shares and XRP Once the deal is completed, VivoPower will become the first publicly traded U.S. company to offer investors exposure to both Ripple shares and XRP tokens. The company has also confirmed that it will continue to buy and hold XRP directly, alongside its investment in Ripple itself. Meanwhile, ViVoPower is not the only firm making this move. A growing number of public companies are making large investments in XRP, bringing total corporate commitments close to $1 billion. This latest buy comes just after Ripple achieved a major legal win. On August 7, Ripple and the U.S. Securities and Exchange Commission agreed to dismiss their lawsuit over XRP . The legal battle had dragged on for five years, and its end removes a big uncertainty from Ripple’s future. The post VivoPower Buys Discounted Ripple Shares to Boost XRP Treasury appeared first on TheCoinrise.com .
