Historic Moment: A Company Listed in the US for the First Time Announces It Will Purchase a Large Amount of Ripple (XRP) Shares

VivoPower International announced it will acquire shares of Ripple Labs to bolster its $XRP-focused digital asset treasury strategy. Following the news, the company's shares rose 10% in morning trading.

Following a nearly two-month due diligence process, VivoPower has allocated funding to acquire an initial $100 million in Ripple shares held in the private equity market. In addition to these investments, the company will continue to directly purchase and hold $XRP tokens.

With this move, VivoPower will become the first and only publicly traded company in the United States to offer its shareholders direct access to both Ripple shares and $XRP coins.

According to the company's statement, for every $10 million worth of Ripple shares purchased, VivoPower (VVPR) shareholders are expected to receive an increase in value of approximately $5.15 per share.

Ripple Labs, backed by investors like Andreessen Horowitz and Google Ventures, owns 41 billion $XRP, equivalent to approximately 41% of all $XRP coins in circulation.

*This is not investment advice.