Nasdaq-listed solar firm pivots into digital assets with bold treasury strategy
VivoPower International PLC saw its shares soar over 32% on Friday after unveiling plans to purchase $100 million worth of Ripple Labs shares alongside direct acquisitions of XRP tokens. The move signals one of the most aggressive corporate treasury shifts into blockchain assets by a publicly listed U.S. company.
The Nasdaq-listed solar energy firm will acquire Ripple shares directly from existing stakeholders, pending approval from Ripple’s executive management. According to the company, the strategy is the result of two months of due diligence.
“Our portfolio construction strategy is to buy a combination of Ripple shares and XRP tokens. This will allow us to optimize for yield maximization while also minimizing the weighted average cost of XRP acquired,” said Kevin Chin, Executive Chairman and CEO of VivoPower.
By becoming the first U.S.-listed firm to offer exposure to both Ripple equity and XRP, VivoPower is positioning itself uniquely in the market. The company plans to manage its Ripple holdings with BitGo as its custody partner and facilitate private share transactions via Nasdaq Private Market—Ripple’s preferred channel for equity trades. An independent auditor will review these holdings quarterly.
Ripple, known for creating 100 billion XRP at launch, has burned about 14 million tokens and retains 41 billion XRP—most in escrow. Its ecosystem now extends beyond XRP to include the RLUSD stablecoin, prime brokerage services, and digital asset custody platforms.
Strategic Pricing Advantage
VivoPower projects that the combined approach could lower its average XRP acquisition cost to an implied $0.47—an 86% discount to current market levels—based solely on Ripple’s XRP holdings. Company estimates suggest every $10 million in Ripple shares purchased could potentially add $5.15 per VivoPower share in value, though the actual impact will depend on market dynamics and Ripple’s broader business performance.
With this bold move, VivoPower joins a growing list of institutional players expanding into regulated digital asset investment strategies, marking a significant crossover between renewable energy enterprises and the blockchain economy.
Disclaimer
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