Blockchain
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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