VivoPower International’s Strategic XRP Treasury Transformation
VivoPower International, a prominent Nasdaq-listed B-Corp, is making significant strides in transforming its treasury operations to focus on XRP. On September 16, the company announced its innovative approach to acquiring XRP at a substantial discount. By mining other proof-of-work cryptocurrencies and swapping the mined assets for XRP, VivoPower plans to obtain the token at up to a 65% discount compared to current market prices.
VivoPower’s Commitment to XRP
The digital asset division of VivoPower, Caret Digital, has undertaken strategic initiatives to bolster its mining operations. By securing bulk-purchase discounts on mining equipment, the company plans to expand its operations, enhancing its unit economics and reducing the effective cost of acquiring XRP through token swaps. The release emphasizes that the mined tokens will be converted into XRP, achieving an effective 65% discount based on prevailing market prices.
Advertisement Banner
The company’s strategy relies on a two-fold treasury program. First, it involves producing mined tokens via an expanded fleet acquired at negotiated bulk discounts. Second, it entails converting these mined tokens into XRP instead of purchasing the cryptocurrency directly from the open market. Simultaneously, VivoPower aims to increase its exposure to Ripple Labs’ equity to secure XRP-linked assets at an optimal average cost. Although the company has not provided a detailed formula for the claimed 65% discount, it has linked this assertion to current prices and the economics of mining and procurement.
VivoPower’s discount-driven swap strategy is a part of a broader corporate transformation. The company positions itself as the world’s first XRP-focused digital asset enterprise, committed to acquiring, managing, and holding the token long-term while supporting ecosystem-based infrastructure and real-world applications. VivoPower operates through two main business units: Tembo, which focuses on developing electric utility vehicles and energy solutions, and Caret Digital, which leads power-to-X initiatives, including mining.
Beyond Simple Purchases
In addition to its treasury pivot, VivoPower has introduced several other initiatives. On September 2, the company entered into a definitive agreement with Doppler Finance, a native yield platform supported by ReForge, DCG, and other Ripple-affiliated entities. This agreement involves deploying an initial $30 million of XRP in staged tranches.
The program is designed as a “regenerative loop,” with yields reinvested to compound the treasury over time. Executive Chairman and CEO Kevin Chin highlighted the benefits of using Doppler Finance’s programmable infrastructure to leverage reserves while maintaining XRP as the primary treasury asset.
Furthermore, on September 8, VivoPower’s Tembo subsidiary announced its acceptance of Ripple USD (RLUSD) for customer and partner payments. This decision, driven by the advantages of near-instant settlement and reduced costs compared to traditional cross-border bank transfers, aligns with the company’s global strategy and treasury plan. RLUSD is issued on both the XRP Ledger and Ethereum, offering strategic alignment with VivoPower’s operations.
Collectively, the mining-to-swap channel, Doppler yield deployment, and RLUSD integration form a cohesive strategy. This approach aims to reduce acquisition costs through mining and procurement discounts, generate yield on held tokens within an institutional framework, and deepen real-economy connections to the ecosystem through stablecoin-based payments. While the claim of an “up to 65%” effective discount is forward-looking and subject to market conditions, VivoPower is committed to acquiring XRP through production and swapping rather than direct purchases.
As of the latest update, XRP trades at $3.02.
Editorial Integrity
At Bitcoinist, our editorial process is dedicated to delivering well-researched, accurate, and unbiased content. We adhere to rigorous sourcing standards, with every page undergoing thorough reviews by our team of top technology experts and seasoned editors. This meticulous process ensures the integrity, relevance, and value of our content for our readers.
