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VivoPower International, a Nasdaq-listed sustainable energy company, has revealed a bold move to integrate both XRP and Ripple Labs equity into its corporate treasury. The plan includes a $100 million purchase of Ripple shares from existing shareholders, alongside direct XRP acquisitions, aiming to lower the blended cost of its holdings while creating long-term value for investors.
The reveal triggered a strong market response, with VivoPower’s stock price jumping 52.3% to US$5.94 on Friday. After-hours trading saw the rally continue, with shares rising another 16%. Over the last six months, the company’s stock has gained an impressive 552%, according to Google Finance data.
Dual-Asset Treasury Model
VivoPower’s strategy follows a two-month review of Ripple and its business operations. By holding both Ripple equity and XRP, the company aims to become the first US-listed firm to offer investors exposure to both the blockchain company’s private shares and its native cryptocurrency.
Kevin Chin, VivoPower’s Executive Chairman and CEO, said this blended approach is designed to maximize yield while reducing risk.
“The opportunity to acquire Ripple shares and materially average down the acquisition price per XRP is in line with our objective of building a sustainable long-term treasury model that translates into substantial potential upside for shareholders,” Chin explained.
The acquisition of Ripple equity is subject to approval from Ripple’s management. Once approved, the transaction will be executed in partnership with BitGo for secure custody and the Nasdaq Private Market, Ripple’s preferred venue for private share transactions. To ensure transparency, VivoPower’s holdings will undergo quarterly independent audits.
Lowering the Cost of XRP Holdings
Alongside the Ripple equity deal, VivoPower continues to make direct XRP purchases. The company believes its blended investment model could drop the effective cost per XRP to around US$0.47, significantly below the current market price.
Adam Traidman, VivoPower’s Chairman, noted that this structure provides a unique advantage. He highlighted that when considering Ripple’s XRP reserves, the model represents an 86% discount to market value.
This cost reduction is a key part of VivoPower’s treasury management philosophy, allowing for long-term accumulation without overexposure to market volatility.
Ripple’s Expanding Ecosystem
Ripple Labs currently controls 41 billion XRP, most of which is locked in escrow from the original 100 billion supply created at start. Over time, Ripple has destroyed around 14 million tokens as part of its supply management strategy.
Beyond XRP, Ripple’s business operations span multiple ventures, including RLUSD, its U.S. dollar–backed stablecoin, and investments in financial infrastructure through its prime brokerage arm, Hidden Road. The company also recently acquired stablecoin payments firm Rail in a $200 million deal, further expanding its ecosystem.
Ripple’s recent legal resolution with the U.S. Securities and Exchange Commission (SEC) has also strengthened investor confidence, clearing a major regulatory hurdle for the company and its associated token.
Market Reaction and Outlook
The market’s immediate response to VivoPower’s reveal reflects investor optimism around the strategy. By pairing equity in Ripple with direct XRP holdings, VivoPower is effectively betting on both the technology and the token—a move that could pay off if Ripple’s adoption grows and XRP gains market traction.
For Ripple, having a Nasdaq-listed partner with a publicly disclosed XRP treasury could boost institutional credibility and signal growing corporate interest in blockchain assets.
If successful, VivoPower’s model could inspire other publicly traded companies to consider similar blended treasury strategies, especially those looking to balance digital asset exposure with equity stakes in the companies that drive their development.
Conclusion
VivoPower’s $121 million XRP-focused treasury plan marks a significant moment in corporate crypto adoption. By combining Ripple equity with direct XRP purchases, the company aims to lower acquisition costs, hedge against market fluctuations, and create potential upside for shareholders. With strong market reaction and Ripple’s ongoing ecosystem growth, this dual-asset approach could serve as a blueprint for future corporate treasury models in the blockchain sector.
