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Nasdaq-listed VivoPower (VVPR) is expanding its digital asset treasury strategy tied to Ripple’s XRP token through a joint venture to acquire hundreds of millions of dollars of crypto.
The company said its digital assets unit, Vivo Federation, collaborated with Lean Ventures, a South Korea-based asset management firm, to secure $300 million in equity capital from Ripple Labs.
At current XRP prices, the company estimates the stake would represent around 450 million tokens, valued at around $900 million.
VivoPower will not buy XRP directly
The deal will not see VivoPower directly purchasing XRP tokens. Instead, Lean Ventures is looking to create an investment vehicle dedicated to owning shares of Ripple Labs from Vivo Federation.
With this move, the companies will target both institutional and qualified retail investors in South Korea, which is one of the largest XRP markets in the world, and provide them with indirect exposure to the token.
South Korea holds $30 billion in circulating supply of XRP, representing 20% of the total.
– VivoPower (@Vivo_Power) September 29, 2025
VivoPower announced that it has received approval from Ripple Labs to purchase an initial tranche of preferred shares from the company. He added that he was also negotiating more purchases from the company’s existing institutional shareholders.
Additional details of the transactions have not been disclosed for legal reasons.
VivoPower was one of the first XRP treasury companies
VivoPower’s deal with Lean Ventures builds on the previous’s recent pivot to an XRP-focused treasury company.
Earlier this year, the company raised $121 million in a private placement led by Saudi investor Abdulaziz bin Turki Abdulaziz Al Saud. This positioned VivoPower as one of the first publicly traded companies to establish a treasury strategy around XRP, as opposed to crypto market leaders Bitcoin (BTC) and Ethereum (ETH).
VivoPower has since deployed its XRP in yield-generating strategies. This includes a $100 million allocation through Flare’s FAssets system. The company has also adopted Ripple’s RLUSD stablecoin for its treasury operations.
VivoPower share price (Source: Google Finance)
VivoPower’s creation of an XRP treasury came amid a struggle with the company’s stock price. Data from Google Finance shows that the company’s stock price has fallen more than 44% over the past six months.
The stock has seen a rebound over the past month and week, rebounding over 9% and 8%, respectively. But the day before, it plunged more than 11%.
VivoPower Move fails to spark XRP rally
Despite VivoPower doubling on XRP, the crypto’s price continued to languish.
Over the past week, the token’s value has fallen by more than 7%, according to at CoinMarketCap. This was after a drop of more than 3% in the past 24 hours, which brought the altcoin’s price down to $1.84 as of 4:36 a.m. EST.
Daily chart for XRP/USD (Source: Trading View)
From a technical perspective, XRP recently lost the support level at $1.8520. Additionally, indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn the bears that they could push the XRP price down to $1.5815 in the near term.
The MACD line breaks below the MACD Signal line, which is a classic indication of strengthening seller momentum. Meanwhile, the RSI line falls below its simple moving average (SMA) line. Traders could interpret this as a sign that sellers are starting to dominate buyers.
A daily close today above the $1.8520 support could invalidate the bearish thesis. In this alternative, more bullish scenario, XRP could eventually rebound and reach $2.2220.
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