The Solar Power Company Vivopower International PLC recorded on Friday, she recorded her shares by 32.12% to USD 5.10 after the company announced plans to purchase private Ripple Labs shares, expanding its tax strategy of the digital XRP digital asset.
The transfer, which takes place two months of due diligence, will cause Vivopower to acquire ripple shares directly from existing shareholders, waiting for the management of Ripple, the company. he said In the Friday press release.
“Our portfolio construction strategy is to buy a combination of ripple shares and XRP tokens. This will allow us to optimize maximization of performance, while minimizing the weighted average cost of XRP,” said Kevin China, president and general director of Vivopower.
Vivopower will also directly acquire XRP tokens (XRP) directly, becoming the first publicly recorded by an American company that provided investors with exposure to both Ripple and XRP equality.
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Vivopower Taps Bitgo, Nasdaq for Ripple Share Areadody
To manage the strategy, Vivopower will cooperate with Bitgo in the field of care and the private market NASDAQ, the preferred ripple partner in the field of private action transactions. An independent auditor will review the Ripple Holdings quarterly.
Ripple, which at the beginning created 100 billion XRP, has so far burned about 14 million tokens and has 41 billion, mainly in Escrow. In addition to XRP, the company runs Rlusd Stablecoin, Digital Asset Prime Broker Hidden Road, Custodians Metaco and Standard Custody & Trust and Stablecoin Payment Platform Rail.
Managing Vivopower claims that the total strategy will reduce the average cost of acquisition at XRP to an implied USD 0.47, which is an 86% discount on current market prices, based solely on XRP RIPPLE XRP farms and excluding the value of other business lines.
According to the company, every USD 10 million purchased Ripple shares may add an estimated value of USD 5.15 per share for Vivopower shareholders, although it depends on market variability.
Related: The modern infrastructure is aimed at a dormant XRP market in the amount of USD 200 billion
Bdacs launches the institutional care of XRP in South Korea
On Tuesday, the South Korean cryptian Custodian BDACS launched regulated care services for XRP, after February partnership with Ripple. Movement uses RIPPLE care, a corporate class solution to provide institutions with protected storage and management possibilities for XRP.
At the beginning of this year, Ripple Labs established cooperation with BDAC Crypto Crypto Custodian to offer institutional support for XRP and his Stablecoin, Rlusd.
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