VivoPower, a Nasdaq-listed company, has announced its new investment strategy aimed at digital assets, which includes indirect investments in XRP through acquiring shares of Ripple.
New Investment Strategy
VivoPower plans to purchase Ripple shares worth 100 million dollars. This will allow the company to enhance its readiness for risks and gain access to XRP, as Ripple is the largest holder of XRP tokens. The strategy targets an average price of $0.47 per XRP.
Company Statements
VivoPower's management made a statement emphasizing their goal of diversifying the digital portfolio.
> "With this investment, we aim to diversify our digital asset portfolio and capitalize on XRP’s long-term potential." CITE_W_A
Moreover, the company highlighted the high volatility in cryptocurrency markets, stating that their strategies are crafted with risk in mind.
Expert Opinions and Market Impact
Experts view VivoPower’s investment in Ripple shares as a means of diversification in the digital asset market. Some analysts believe such investments may become attractive for other companies.
They are closely monitoring the market position of XRP and Ripple's influence on this cryptocurrency. Investing in Ripple shares might provide investors with indirect returns without direct investments in crypto assets.
VivoPower's investment strategy could signify a changing approach to investments in digital assets, expanding alternative investment avenues across the industry.
