VivoPower to purchase initial $100M of Ripple shares

VivoPower (VVPR) is acquiring Ripple Labs shares, as part of a strategic enhancement to its XRP (XRP)-focused digital asset treasury strategy. Following a two-month period of due diligence, VivoPower has budgeted to purchase an initial $100M of privately held Ripple shares. This encompasses definitive agreements directly with current Ripple shareholders, which are subject to final approval from Ripple’s executive management. Aside from these transactions, VivoPower will continue to directly acquire and hold XRP tokens. Ripple minted a fixed 100 billion of XRP tokens at inception and given there have been approximately 14 million XRP tokens burnt to date, the network is mildly deflationary. Ripple continues to hold 41 billion XRP tokens, primarily in escrow. In addition, Ripple has a number of operating businesses including RLUSD, its stablecoin; the digital assets prime broker Hidden Road; MetaCo and the Standard Custody and Trust Company, as well as the recently acquired stablecoin payment platform company, Rail.