VivoPower, a Nasdaq-listed solar company, said it plans to spend $100 million to buy privately held shares of Ripple, according to company statements.
According to VivoPower, the company intends to complete the purchase after two months of due diligence and subject to Ripple board approval.
VivoPower also referenced a prior hypothetical involving 30 million XRP at $3.29. The company named custodial and transaction partners, including BitGo and Nasdaq Private Market, to handle custody and the share transfer process.
That computation treats the XRP stash as the dominant asset and does not assign material value to Ripple’s operating units such as RLUSD, Hidden Road, Rail, and Metaco.
Wellgistics Health and Hyperscale Data were also named in reports as companies allocating treasury funds to XRP.
The proposed transaction is for private Ripple shares and does not, on face value, transfer XRP tokens into VivoPower’s custody.
Based on the company’s description, the position would represent equity exposure that is mapped to an underlying token equivalent, rather than an immediate token delivery.
The transaction remains subject to Ripple management approval and customary closing conditions, and it may include transfer restrictions, lock-ups, or other legal terms.
VivoPower stated that, under the framing used in its release, every $10 million of Ripple shares acquired would correspond to $5.15 of per-share growth for VivoPower shareholders; that metric depends on deal terms and subsequent valuations.
Reports recommend monitoring VivoPower’s SEC and Nasdaq disclosures, and waiting for Ripple’s response and any definitive transaction documents to confirm final mechanics and accounting treatment.
Featured image from VivoPower Facebook, chart from TradingView
