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- The mining arm of VivoPower International, Caret Digital, will convert part of its mined crypto into XRP, citing the ability to secure exposure to the asset at a 65% discount to market prices.<\/span><\/li>\n
- The company\u2019s XRP strategy, which began in May, involves a combination of crypto mining, private placements, and the purchase of Ripple Labs shares as a way to acquire XRP exposure at a lower cost.<\/span><\/li>\n
- VivoPower has also announced that its EV unit will accept Ripple\u2019s RLUSD stablecoin as a form of payment, and it plans to deploy US$30 million in XRP via yield products.<\/span><\/li>\n<\/ul>\n<\/div>\n
VivoPower International (VVPR)\u2019s mining arm Caret Digital will convert part of its output into XRP<\/a> because this secures exposure at a 65% discount to market prices, the company said, but did not outline any specific volumes or timelines.\u00a0<\/p>\n
\nVivoPower will continue to exchange mined tokens into XRP as part of its dual-pronged treasury strategy. A key objective of this strategy is to secure XRP exposure at the lowest average cost possible, through a combination of token swapping from digital asset mining activities and by purchasing Ripple Lab shares.<\/em>
\n<\/em><\/p>\n![](\"https:\/\/cdn.cryptonews.com.au\/2025\/09\/17135948\/VivoPower-International.jpg\")
VivoPower International <\/p>\n<\/div>\n
<\/em>Related: <\/strong>Spot Bitcoin ETFs See Over $2.2 Billion Inflows as Ether ETFs Add $637 Million on Renewed Demand<\/strong><\/a><\/p>\nExpanding XRP Exposure<\/h2>\n
Caret currently mines Bitcoin<\/a>, Litecoin<\/a>, and Dogecoin<\/a>. The firm began its XRP strategy in May with a US$121M (AU$185M) private placement led by Prince Abdulaziz bin Turki bin Talal Al Saud, as Crypto News Australia reported<\/a>. Notably, Adam Traidman, formerly on Ripple\u2019s board, also joined as adviser. BitGo was later appointed custodian, and Flare partnered on a US$100M (AU$153M) yield program tied to XRP reinvestment.<\/p>\n
In August, VivoPower agreed to purchase US$100M (AU$153M) of Ripple Labs shares, pending approval, equating to exposure of 211M XRP at an implied US$0.47 (AU$0.72) \u2014 around 86% under prevailing prices.<\/p>\n
Beyond treasury moves, VivoPower\u2019s EV unit Tembo will take Ripple\u2019s RLUSD stablecoin<\/a> as payment, while US$30M (AU$45.9M) of XRP will be deployed<\/a> via Doppler Finance yield products.\u00a0<\/p>\n
Shares of VivoPower slipped 0.5% to US$5.00 (AU$7.65), giving the company a market capitalisation of about US$50M (AU$76.5M). XRP was trading just above US$3.00 (AU$4.59) Tuesday with a market value of roughly US$182B (AU$278B).<\/p>\n
Related: <\/strong>Arthur Hayes to New Bitcoin Investors: Be Patient, Not Impatient<\/strong><\/a><\/p>\n<\/p><\/div>\n
- The company\u2019s XRP strategy, which began in May, involves a combination of crypto mining, private placements, and the purchase of Ripple Labs shares as a way to acquire XRP exposure at a lower cost.<\/span><\/li>\n