TLDR
- VivoPower plans to acquire Ripple shares to deepen its XRP-focused treasury strategy.
- The company is purchasing shares directly from existing Ripple shareholders under definitive agreements.
- Ripple’s large XRP holdings were a key factor in VivoPower’s decision to pursue this acquisition.
- VivoPower aims to become the first U.S.-listed firm with exposure to both Ripple shares and XRP tokens.
Nasdaq-listed VivoPower announced plans to acquire $100 million worth of Ripple shares. This strategy marks the company’s second major investment tied to XRP, following an earlier $100 million allocation of the token through the Flare Network.
By purchasing shares directly from existing Ripple shareholders, VivoPower aims to gain further exposure to XRP at what it describes as an implied discounted rate of $0.47 per token. This latest initiative follows a $121 million capital raise in May, which was primarily geared toward building a robust XRP treasury program.
VivoPower $VVPR To Purchase Initial US$100 Million of @Ripple Shares, Effectively Buying XRP at an Implied US$0.47 Per Token pic.twitter.com/hYKJL0MJh0
— VivoPower (@Vivo_Power) August 8, 2025
$100 Million Share Purchase Targets Indirect XRP Exposure
The company disclosed that the share acquisition will proceed through definitive agreements with current Ripple shareholders. According to VivoPower, this move allows it to gain XRP exposure indirectly, leveraging Ripple’s large holdings of the altcoin. Ripple, as noted in the announcement, currently holds approximately 41 billion XRP tokens. At the current market value, these holdings are worth an estimated $135 billion.
VivoPower reported that the Ripple shares are being acquired at a weighted average valuation of roughly $19 billion. This figure represents a substantial discount relative to the value of Ripple’s XRP holdings. Based on this valuation, VivoPower calculated that the implied price per XRP token stands at approximately $0.47. This arrangement excludes any valuation for Ripple’s broader business operations, including its recently launched RLUSD stablecoin initiative.
Ripple’s XRP Holdings and Treasury Strategy Expansion
Ripple remains the largest holder of XRP, a fact central to VivoPower’s strategy. The firm emphasized that acquiring equity in Ripple effectively provides additional XRP exposure without directly purchasing more of the asset. This complements VivoPower’s initial XRP treasury strategy, which involved investing $100 million in XRP through the Flare Network to generate on-chain yield.
The share purchase plan is still pending final approval from Ripple’s executive management. However, if finalized, VivoPower would become the first U.S.-listed public company to offer shareholders exposure to both Ripple equity and XRP tokens. The company also confirmed that it will continue to hold XRP tokens directly as part of its broader digital asset strategy.
Discounted Entry Driven by Ripple Valuation and Stablecoin Growth
VivoPower indicated that one of the key motivations behind the share acquisition is the significant valuation discount. While Ripple’s XRP holdings are currently valued at $135 billion, the shares are being purchased at a valuation of approximately $19 billion, or an 86% discount. This excludes any valuation for Ripple’s other ventures, such as its RLUSD stablecoin business.
Further supporting its decision, VivoPower noted Ripple’s growing presence in the stablecoin market. Recently, Ripple announced a partnership with BNY Mellon, under which the financial institution will provide custody services for RLUSD reserves. VivoPower also compared Ripple’s stablecoin efforts to Circle, the issuer of USDC, which completed its public listing earlier this year.
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