VivoPower, a Nasdaq-listed solar company, said it plans to spend $100 million to buy privately held shares of Ripple, according to company statements.
Based on the company’s presentation of the numbers, that equity exposure would be the equivalent of about 211 million XRP, which VivoPower values at roughly $696 million.
Details Of The Purchase
According to VivoPower, the company intends to complete the purchase after two months of due diligence and subject to Ripple board approval.
The company says the $100 million equity stake would provide an “underlying exposure” equal to about 211 million XRP, implying an average acquisition cost of about $0.47 per XRP.
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.
How The Discount Is Calculated
Based on reports, VivoPower’s announcement frames Ripple’s 41 billion XRP holding as the primary source of value when calculating an implied 86% discount against the token’s market price.
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.
VivoPower estimated it would require about $19 billion to acquire all 41 billion XRP at the same terms, and it referenced a prior valuation of about $135 billion for that holding at an earlier date.
XRP market cap currently at $185 billion. Chart: TradingView
Market Reaction And Peer Moves
Reports indicate the statement drew investor attention and broader market discussion. Other firms have announced XRP-focused treasury plans in recent weeks, including Trident Digital Tech, which plans to raise $500 million, and China’s Webus, which filed plans to raise $300 million.
Wellgistics Health and Hyperscale Data were also named in reports as companies allocating treasury funds to XRP.
Image: Bitpanda Blog
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
