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2 min read
Breaking Signal·
VivoPower PLC disclosed the closure of its cryptocurrency strategy in an annual report filed with the U.S. Securities and Exchange Commission on November 2, 2026. The filing details the liquidation of a $5 million stake in Ripple Labs and the company’s redirection of capital toward artificial intelligence infrastructure.
Closure of Crypto Initiative
In May 2025, VivoPower announced a treasury expansion targeting up to $100 million in XRP tokens and Ripple Labs equity. The actual investment was more modest, with the company allocating $5.0 million to acquire 41,810 shares of Ripple Labs in January 2026. The experiment lasted nine months from its announcement. In February 2026, VivoPower’s board of directors decided to fully wind down the crypto direction, citing that holding digital assets was less profitable than developing AI infrastructure.
Management redirected the capital to the purchase of a 41.5 MW data center in Mo i Rana, Norway, for $37.7 million. The decision marked a complete exit from the digital asset strategy that had been announced less than a year prior.
Ripple Buyback and Remaining Stake
The liquidation process provided a specific price marker for Ripple Labs equity. In April 2026, Ripple Labs conducted a targeted buyback of 882 shares from VivoPower at $300 apiece. This transaction provided VivoPower with $264,600 in cash and a net profit of $159,122.
A direct sale of the remaining shares on the open market was not possible due to the non-public status of the securities. Consequently, VivoPower entered into agreements to sell the economic rights to the remaining shares to two South Korean partners, KWeather Co. and Lean Ventures. As of the November 2026 filing date, these deals had not been legally completed.
The remaining 40,928 shares are currently locked in the Korea Securities Depository (KSD) under a one-year lock-up restriction. Due to this freeze and the lack of market liquidity, independent appraisers lowered the book value of the remaining stake to $4.3 million, or approximately $106.16 per share.
Frequently Asked Questions
How much did VivoPower receive from the Ripple Labs buyback?
VivoPower received $264,600 in cash from the buyback of 882 shares at $300 apiece, resulting in a net profit of $159,122.
What is the current status of VivoPower’s remaining Ripple shares?
The remaining 40,928 shares are locked in the Korea Securities Depository under a one-year restriction, with a book value of $4.3 million, while sales agreements with South Korean partners remain incomplete.
