Why VivoPower’s $100M Gamble on Ripple Feels Like a Plot Twist in a Crypto Soap Opera 😂

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Ah, the drama of it all! On Friday, VivoPower International PLC-a solar power company that somehow found its way onto Nasdaq-announced a plan so bold it could rival a Russian novel’s plot twists. The firm declared its intention to splurge $100 million on Ripple Labs shares. Yes, you read that right. A solar company is diving headfirst into the crypto world like a moth drawn to blockchain flames 🔥. Apparently, this move will let them expand their XRP-focused digital asset treasury at a discount to current market prices. Because why not?

VivoPower Shares Surge 32%

Investors, ever the optimists (or perhaps just gamblers), were thrilled by this audacious leap into uncharted waters. VivoPower’s shares skyrocketed by 32.12% to $5.10, proving once again that people love a good underdog story-or maybe they just really wanted an excuse to meme about solar-powered cryptos 🌞. Kevin Chin, the Executive Chairman and CEO of VivoPower, waxed poetic about how this aligns with their vision of “building a sustainable, long-term treasury model.” Sure, Kevin, we’ll believe it when your solar panels start mining Bitcoin.

But wait, there’s more! This deal allows VivoPower to gain indirect exposure to XRP at a cost of around $0.47 per token-an 86% discount compared to current market prices. That’s like buying designer handbags for thrift-store prices. Former Ripple board member Adam Traidman, now VivoPower’s Advisory Board Chairman, chimed in with his two cents: “Not only does this give us cheap XRP, but also stakes in Ripple’s RLUSD stablecoin and other shiny toys like Hidden Road, Rail, and Metoco.” Oh Adam, always thinking ahead, aren’t you? 🧮

And if you thought things couldn’t get any wilder, VivoPower will hold full legal title to these Ripple shares, making them official shareholders. Imagine being invited to Ripple’s annual shareholder meeting-it’s basically the crypto version of a royal ball 👑.

Ripple Expands Its Stablecoin Business

Meanwhile, over at Ripple HQ, the plot thickens. Partnering with financial heavyweight BNY Mellon, Ripple is flexing its muscles in the stablecoin arena. BNY Mellon has been appointed as the primary custodian for Ripple’s US dollar-pegged stablecoin reserves, RLUSD. Emily Portney, global head of asset servicing at BNY, practically wrote poetry in her statement: “We’re thrilled to support RLUSD’s growth and adoption…” Translation? “Crypto is growing up, folks, and we’re here for it!” 🎩

This partnership screams professionalism and regulatory compliance louder than a librarian shushing a room full of toddlers. And let’s not forget, Ripple remains the proud owner of 41 billion XRP tokens, valued at roughly $135 billion. If that doesn’t scream “trustworthy,” I don’t know what does. It’s almost enough to make you overlook the fact that a solar company is now dabbling in digital coins. Almost. 😅

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2025-08-09 16:54