tl;dr
VivoPower International PLC plans to acquire $100 million in Ripple shares and 211 million XRP tokens, valued at about $696 million, integrating both into its corporate treasury. This makes VivoPower the first publicly listed US company to offer shareholders access to both Ripple shares and XRP toke...
VivoPower International PLC has announced a bold strategy to acquire $100 million worth of Ripple shares, integrating XRP into its corporate treasury. This move will expose VivoPower to 211 million XRP tokens, valued at approximately $696 million, marking a significant investment in the crypto space.
What sets VivoPower apart is its plan to hold both Ripple shares and XRP tokens, becoming the first publicly listed US company to give shareholders access to both assets. This dual acquisition strategy enables the company to purchase Ripple shares at a discount relative to market prices while securing full legal ownership, with VivoPower’s name directly recorded on Ripple’s shareholder register.
To ensure smooth execution, VivoPower has teamed up with reputable digital asset custodians like BitGo and Nasdaq Private Market LLC. CEO Kevin Chin highlighted that this initiative aligns with the company’s long-term goal of building a diversified and robust treasury, offering substantial upside potential to shareholders. Additionally, VivoPower plans to steer clear of Ripple shares held in special-purpose vehicles (SPVs) to avoid added fees and complications.
Transparency remains a priority as an independent auditor will conduct quarterly reviews of VivoPower’s Ripple shareholdings. This comes at a time when Ripple recently received a waiver from the US Securities and Exchange Commission (SEC) relieving it from a “bad actor” designation related to a past lawsuit. This development opens the door for Ripple to pursue new investments without the previous regulatory hurdles.
Following the SEC waiver, legal experts suggest Ripple’s fundraising could proceed unhindered, likening the situation to “business as usual” despite the prior lawsuit and $125 million fine. VivoPower’s strategic investment in Ripple shares and XRP tokens reflects a broader trend of companies leveraging cryptocurrency to enhance their financial positions and unlock new shareholder value.