📢 Gate广场专属 #WXTM创作大赛# 正式开启!
聚焦 CandyDrop 第59期 —— MinoTari (WXTM),总奖池 70,000 枚 WXTM 等你赢!
🎯 关于 MinoTari (WXTM)
Tari 是一个以数字资产为核心的区块链协议,由 Rust 构建,致力于为创作者提供设计全新数字体验的平台。
通过 Tari,数字稀缺资产(如收藏品、游戏资产等)将成为创作者拓展商业价值的新方式。
🎨 活动时间:
2025年8月7日 17:00 - 8月12日 24:00(UTC+8)
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在 Gate广场发布与 WXTM 或相关活动(充值 / 交易 / CandyDrop)相关的原创内容
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🏆 奖励设置(共计 70,000 枚 WXTM):
一等奖(1名):20,000 枚 WXTM
二等奖(3名):10,000 枚 WXTM
三等奖(10名):2,000 枚 WXTM
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VivoPower to Gain XRP Exposure at $0.47 per Token via Ripple Share Purchase
Nasdaq-listed VivoPower has come up with a cost-effective means to boost its XRP treasury. The company announced plans to buy Ripple shares, a move that effectively gives it more exposure to the altcoin since Ripple is the largest holder of the token.
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VivoPower To Purchase $100M Ripple Shares, Buying XRP For $0.47
In a press release, the Nasdaq-listed company announced that it is acquiring Ripple shares, with an initial $100 million purchase, as part of its strategic enhancement of its XRP-focused treasury strategy. VivoPower noted that with this move, it will effectively be buying the altcoin at an implied price of $0.47 per token.
The company had earlier announced plans to launch an XRP treasury following a $121 million raise in May. Following that, the company proceeded to invest $100 million in XRP on Flare Network as part of its plan to generate yields from its holdings.
Now, buying Ripple shares is VivoPower’s latest strategy to gain XRP exposure, and at a discounted price this time around. The company revealed that the plans to acquire $100 million shares encompass definitive agreements directly with current Ripple shareholders.
The deal is still subject to final approval from the crypto firm’s executive management. Besides this transaction, VivoPower plans to continue acquiring and holding XRP tokens directly. Meanwhile, with this latest move, the company remarked that it will become the first and only publicly listed company in the U.S. that provides shareholders with exposure to Ripple shares and XRP tokens.
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Reasons For Buying Ripple Shares
In the release, VivoPower also explained the rationale behind its plan to purchase Ripple shares. It noted that the crypto firm is the largest holder of XRP tokens with 41 billion tokens worth $135 billion at the current XRP price.
The company further stated that it has the opportunity to acquire the shares at a weighted average valuation of approximately $19 billion, which represents an 86% discount to Ripple’s $135 billion XRP holdings. It added that this value excludes the rest of the crypto firm’s business units, including its RLUSD stablecoin.
Therefore, this implies that it would be buying XRP tokens at an implied price of $0.47 per token. Besides the opportunity to gain exposure to the altcoin at a discounted price, VivoPower also suggested that it is bullish on Ripple’s trajectory.
VivoPower noted that the crypto firm has a growing stablecoin business and that it recently partnered with BNY Mellon for the latter to provide custody services for its RLUSD reserves. The Nasdaq-listed company stated that a comparable business with Ripple is USDC issuer Circle, which went public this year.
Additionally, VivoPower stated that Ripple has other business units, including the digital asset prime broker, Hidden Road, and crypto custodians MetaCo and the Standard Custody & Trust Company. The crypto firm also recently announced plans to acquire stablecoin platform Rail.
It is also worth mentioning that Ripple is now in the clear from a regulatory perspective. The crypto firm and the SEC filed a joint dismissal of the XRP lawsuit on August 7, ending the 5-year legal battle.
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