news 
$100M Move: How VivoPower Landed 211M XRP at an Unseen Discount
In a monumental move, Nasdaq-listed VivoPower has secured the acquisition of 211 million XRP tokens at an astonishing 86% discount from the current market price. The $100 million transaction marks one of the largest such deals by a US-listed entity.
VivoPower’s decision to purchase Ripple shares and XRP tokens simultaneously is designed to optimize yield for investors, according to executive chairman Kevin Chin. By combining these assets, VivoPower aims to create a strategic mix that could improve long-term profitability.
The $0.47 per token average cost of the 211 million XRP acquired has already led to an approximate value increase of $696 million based on current market prices. This unparalleled discount will undoubtedly have a significant impact on VivoPower’s financials and investor returns.
For every $10 million invested in Ripple shares, VivoPower estimates a substantial growth of approximately $5.15 per share for its shareholders. The company claims that acquiring Ripple’s entire 41 billion XRP reserves would require an investment of roughly $19 billion at the discounted rate achieved through this deal.
Source: blockonomi.com
