VivoPower's stock rose by 32.12% to $5.10 following its announcement to buy $100 million in Ripple Labs shares, enhancing its investment strategy in Ripple and XRP tokens. This decision comes after two months of due diligence and requires approval from Ripple's executive management. VivoPower plans to acquire Ripple shares directly from existing shareholders and will also increase its XRP token holdings, becoming the first publicly listed U.S. firm to offer investors exposure to both Ripple equity and XRP. CEO Kevin Chin emphasized that the strategy aims to maximize yield while minimizing acquisition costs. VivoPower will partner with BitGo for custody and Nasdaq Private Market for share transactions. The company estimates that each $10 million in Ripple shares purchased could increase VivoPower’s share value by about $5.15, although results might vary due to market conditions. Ripple retains a substantial amount of XRP, with ongoing operations involving a stablecoin and various custody solutions.

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