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 transacti

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