VivoPower shares jump 32% on $100M Ripple buy plan to boost XRP treasury

VivoPower shares jump 32% on $100M Ripple buy plan to boost XRP treasury

VivoPower's shares surged 32.12% to $5.10 after announcing a $100M purchase of Ripple Labs shares, expanding its XRP-focused treasury strategy. The company will acquire Ripple shares and XRP tokens, leveraging BitGo for custody and Nasdaq Private Market for transactions. This makes VivoPower the first US-listed firm offering exposure to both Ripple equity and XRP.