Vivopower International Plc (Nasdaq: VVPR) announced on Aug. 11, 2025, that it will secure an underlying position equivalent to 211 million XRP tokens, valued at approximately $696 million, through a budgeted initial $100 million acquisition of privately held Ripple Labs shares. The company stated:

Based on current market prices (which are subject to volatility and material change), a purchase of $100 million of Ripple shares translates into an underlying 211 million XRP token exposure with a current market value of $696 million.

It also noted: “Vivopower has the opportunity to acquire Ripple at a weighted average valuation of approximately $19 billion, representing an 86% discount to Ripple’s $135 billion holding of XRP tokens (assuming no value is ascribed to the rest of Ripple’s business units, including RLUSD, its stablecoin).” The agreements—pending final approval from Ripple’s executive management—follow a two-month due diligence process and are central to Vivopower’s XRP-focused digital asset treasury strategy. Ripple, backed by Andreessen Horowitz and Google Ventures, currently holds 41 billion XRP tokens, or about 41% of the total supply.

Vivopower confirmed it will continue to directly acquire and hold XRP. The company stated it will be the first publicly listed U.S. firm to provide shareholders exposure to both Ripple shares and XRP tokens. Executive Chairman and CEO Kevin Chin said the portfolio strategy involves purchasing a mix of Ripple shares and XRP tokens to maximize yield and reduce the weighted average cost of XRP. According to the company, the approach seeks to leverage the embedded XRP value in Ripple shares to obtain tokens at a discount to market prices.

Adam Traidman, chairman of Vivopower’s advisory board and former Ripple board member, emphasized the cost benefit:

By purchasing Ripple shares, not only will Vivopower acquire XRP at valuations up to an 86% discount versus buying XRP outright on the market, we will also gain a stake in Ripple’s RLUSD stablecoin and its other business units, including Hidden Road, Rail, and Metaco.

Vivopower will take direct legal title to all Ripple shares purchased, avoid special-purpose vehicles with embedded fees, and submit its holdings to quarterly independent audits. Proponents believe this structure could deliver substantial upside if XRP adoption grows alongside Ripple’s expanding ecosystem.

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