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

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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 said in a Friday press release.

“Our portfolio construction strategy is to buy a…



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


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 said in a Friday press release.

“Our portfolio construction strategy is to buy a…



Source link

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.

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