VivoPower plans an acquisition of $100 million in private Ripple shares to accelerate its XRP asset management strategy.

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[Coin World] VivoPower International PLC announced today that it will acquire shares in Ripple Labs as part of its XRP-focused digital asset fund management strategy. After two months of due diligence, VivoPower plans to purchase $100 million worth of privately held shares in Ripple. This includes reaching a final agreement directly with existing Ripple shareholders and requires final approval from Ripple's executive team. In addition to these transactions, VivoPower will continue to directly acquire and hold XRP tokens.

Ripple minted a fixed amount of 100 billion XRP Tokens at its establishment. Given that approximately 14 million XRP Tokens have been destroyed so far, the network is currently in a mildly deflationary state. Ripple continues to hold 41 billion XRP Tokens, mainly in custodial form. In addition, Ripple has several operational businesses, including its stablecoin RLUSD, the digital asset major broker HiddenRoad, MetaCo, and Standard Custody and Trust Company, as well as the recently acquired stablecoin payment platform company Rail.

According to the weighted average method, this strategy aims to keep the acquisition cost per share of XRP Token well below the market price of XRP. For every $10 million worth of Ripple coin acquired, VivoPower shareholders expect to gain $5.15 per share (this gain is based on factors such as the current market prices of VVPR and XRP, as well as the weighted average acquisition price of Ripple coin, all of which may fluctuate and change).

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MetaverseLandlordvip
· 7h ago
Another sucker buying XRP
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ForkItAllvip
· 08-08 14:50
XRP要To da moon了
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PumpBeforeRugvip
· 08-08 14:34
Signs before everything begins
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RugpullTherapistvip
· 08-08 14:24
bullish XRP BTC
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