7 hours ago
VivoPower International PLC has outlined a strategy to get $100 cardinal Ripple shares arsenic portion of a broader inaugural to integrate XRP into its firm treasury, according to an Aug. 11 statement.
According to the statement, the $100 cardinal concern volition exposure VivoPower to 211 cardinal XRP tokens, presently valued astatine astir $696 million.
VivoPower said it volition hold some Ripple shares and XRP tokens arsenic portion of the strategy, becoming the archetypal publically listed US institution to connection its shareholders entree to both. The dual acquisition attack allows the steadfast to unafraid Ripple shares astatine a discount compared to marketplace prices.
Importantly, VivoPower volition get afloat ineligible ownership of the Ripple shares it acquires, with its sanction recorded straight connected Ripple’s shareholder register. The steadfast has partnered with starring integer plus custodians specified arsenic BitGo and Nasdaq Private Market LLC to facilitate these transactions.
VivoPower CEO Kevin Chin emphasized that this determination aligns with VivoPower’s semipermanent nonsubjective of gathering a robust treasury exemplary that diversifies its holdings and offers important upside imaginable for its shareholders.
The steadfast besides noted that it volition debar purchasing Ripple shares held successful special-purpose vehicles (SPVs) owed to the other fees and complexities they bring. An autarkic auditor volition behaviour quarterly reviews of VivoPower’s Ripple shareholdings to guarantee transparency and accountability.
Ripple’s fundraising
VivoPower’s acquisition of Ripple’s stock comes little than a week aft the US Securities and Exchange Commission (SEC) granted the blockchain steadfast a waiver from the “bad actor” designation.
The designation had stemmed from a 2020 suit successful which the SEC accused Ripple of selling unregistered securities.
While the parties settled successful May 2025, the injunction technically remained successful place. The regulator said caller circumstances justified the waiver, clearing the mode for Ripple to question caller concern without ineligible barriers.
Following the waiver, pro-crypto lawyer John Deaton stated:
“Ripple tin proceed to rise wealth successful the backstage markets. One mightiness adjacent argue, it’s concern arsenic accustomed – arsenic if the suit against Ripple and the $125M good ne'er happened.”
The station VivoPower to get $100M Ripple involvement aft SEC clears way for caller fundraising appeared archetypal connected CryptoSlate.
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