VivoPower International, a publicly traded B-Corp on Nasdaq, has recently announced a strategic pivot towards an XRP-focused treasury. Effective September 16, the firm revealed its intention to leverage mining activities to acquire XRP tokens “at discounts of up to 65%” compared to current market prices, by mining alternative proof-of-work assets and trading them for XRP.

VivoPower’s Strategic Focus on XRP

The company’s digital asset division, Caret Digital, has negotiated bulk deals for additional mining rigs, aiming to scale its operations. This expansion is designed to enhance the economics of their operations and lower the effective acquisition cost of XRP through strategic token swaps. The announcement states, “By exchanging mined tokens for XRP, we can realize an effective 65% market price discount.”

According to VivoPower’s detailed outline, their strategy comprises two main components: first, they produce mined tokens using a broader fleet acquired through bulk purchase agreements; second, instead of purchasing XRP directly, they convert these mined tokens into XRP.

Beyond this initial step, VivoPower emphasizes its ambition to secure equity in Ripple Labs, ensuring its access to XRP-linked assets at the lowest possible average cost. While the company has not disclosed the precise calculations behind the “effective 65%” claim, it connects this figure to current market dynamics and the economics of their mining strategies.

This discount-fueled approach is part of a larger transformation for VivoPower, which positions itself as “the first digital asset enterprise focused on XRP globally.” Their mission includes acquiring, managing, and holding XRP for the long haul, while also developing infrastructure and applications within the ecosystem. VivoPower operates through two main business arms: Tembo, focused on electric utility vehicles and energy solutions; and Caret Digital, which handles various power-to-X initiatives including mining.

Broader Initiatives Beyond Mining

VivoPower is not solely focused on mining and token swaps; it has launched additional initiatives related to its treasury strategy. On September 2, the company entered into a significant partnership with Doppler Finance—a yield platform aligned with Ripple—by agreeing to deploy an initial $30 million in XRP over multiple stages.

This strategy is envisaged as a “regenerative loop,” allowing for yields to be reinvested into reserves, thereby compounding the treasury. “Utilizing Doppler Finance’s efficient infrastructure enables us to employ our reserves actively while XRP remains our key treasury asset,” stated Executive Chairman and CEO Kevin Chin.

In a proactive move a week later, VivoPower’s Tembo subsidiary announced its decision to accept Ripple USD (RLUSD) for payments from customers and partners. This decision was based on the advantages of near-instant settlements and reduced costs compared to traditional bank transfers. The adoption of RLUSD not only makes operational sense for their global reach but also aligns strategically with their treasury aspirations, given RLUSD’s functionality on both the XRP Ledger and Ethereum.

All these elements—the mining and token swap strategy, yield generation through Doppler, and RLUSD integration—create a comprehensive roadmap for VivoPower. This includes reducing acquisition costs, generating returns on held cryptocurrencies within a structured framework, and strengthening connections to the ecosystem via stablecoin transactions. While the “up to 65%” discount is positioned as a future projection dependent on market fluctuations, VivoPower is poised to significantly increase its XRP holdings through production and strategic swaps, rather than through conventional purchase methods.

As of now, XRP is trading at $3.02.