VivoPower International PLC VVPR shares are marginally lower in Thursday's pre-market trading, following a double-digit surge on a $19 million equity raise to support its XRP XRP/USD treasury strategy.
VivoPower Raises Equity To Boost XRP Treasury
The stock slid 0.78% after-hours, a minor pullback after rallying 14% during Tuesday's regular trading session.
The London-headquartered firm completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share
The proceeds will be used to scale up its XRP treasury strategy and pay off debt, the company said in a press release.
See Also: Ripple (XRP) Price Prediction: 2025, 2026, 2030
Indirect XRP Exposure Through Ripple
VivoPower, a sustainable energy solutions company, has pivoted to a cryptocurrency treasury strategy, focusing on the acquisition, management and long-term holding of XRP, the third-largest cryptocurrency by market capitalization. The firm also aims to support the growth of XRP Ledger.
In August, VivoPower announced acquiring $100 million of privately held shares of Ripple Labs, a company that extensively uses XRP and XRPL for its operations. Through this, it became the only U.S.-listed company to provide exposure to Ripple.
Price Action: At the time of writing, XRP was exchanging hands at $2.97, up 3.85% in the last 24 hours, according to data from Benzinga Pro.
VivoPower shares fell 0.78% in pre-market trading after closing 14% higher at $5.130 during Wednesday’s regular trading session. Year-to-date, the stock has soared 285%.
The stock exhibited a very high Momentum score as of this writing. How does it compare with Strategy Inc. MSTR and other cryptocurrency treasury companies? Visit Benzinga Edge Stock Rankings to find out.
Read Next:
Photo courtesy: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.