VivoPower Shares Jump 32% on $100M Ripple Equity Buy to Boost XRP Strategy

August 9, 2025

, By Cointelegraph

Share via:

Nasdaq-listed solar power company VivoPower International PLC saw its shares jump 32.12% to $5.10 on Friday after the company announced plans to purchase $100 million worth of privately held Ripple Labs shares, expanding its XRP-focused digital asset treasury strategy.

The move, which follows two months of due diligence, will see VivoPower acquire Ripple shares directly from existing shareholders, pending approval from Ripple’s executive management, the company data-ct-non-breakable=”null” href=”https://www.globenewswire.com/news-release/2025/08/08/3130196/0/en/VivoPower-To-Purchase-Initial-US-100-Million-of-Ripple-Shares-Effectively-Buying-XRP-at-an-Implied-US-0-47-Per-Token.html” title=”null”>said in a Friday press release.

“Our portfolio construction strategy is to buy a…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Pinterest slumps after flagging soft ad spend in major market US

Next News

Meta Poaches CEO of Ilya Sutskever’s Startup in AI Talent War

Popular

More Like this

VivoPower Shares Jump 32% on $100M Ripple Equity Buy to Boost XRP Strategy

August 9, 2025

, Published By Cointelegraph

Nasdaq-listed solar power company VivoPower International PLC saw its shares jump 32.12% to $5.10 on Friday after the company announced plans to purchase $100 million worth of privately held Ripple Labs shares, expanding its XRP-focused digital asset treasury strategy.

The move, which follows two months of due diligence, will see VivoPower acquire Ripple shares directly from existing shareholders, pending approval from Ripple’s executive management, the company data-ct-non-breakable=”null” href=”https://www.globenewswire.com/news-release/2025/08/08/3130196/0/en/VivoPower-To-Purchase-Initial-US-100-Million-of-Ripple-Shares-Effectively-Buying-XRP-at-an-Implied-US-0-47-Per-Token.html” title=”null”>said in a Friday press release.

“Our portfolio construction strategy is to buy a…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Pinterest slumps after flagging soft ad spend in major market US

Next News

Meta Poaches CEO of Ilya Sutskever’s Startup in AI Talent War

More like this

Popular

Block title