VivoPower International PLC, a Nasdaq-listed solar power company, saw its shares surge by 32.12% to $5.10 following the announcement of a $100 million investment plan to acquire shares of Ripple Labs, enhancing its strategy focused on XRP. This decision, which comes after two months of due diligence, involves buying shares directly from existing shareholders, pending approval from Ripple's management. Kevin Chin, CEO of VivoPower, stated that the strategic acquisition of Ripple shares and XRP tokens is aimed at maximizing yield while minimizing acquisition costs. VivoPower is set to become the first publicly listed US firm to expose investors directly to Ripple equity and XRP. Additionally, the company collaborated with BitGo for custody of its Ripple assets and Nasdaq Private Market for private transactions. VivoPower estimates that every $10 million spent on Ripple shares could potentially increase its stock value by approximately $5.15 per share, contingent on market conditions.

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