CMC News

$XRP Treasury Firm Claims 65% Discount Through Mining #Strategy

VivoPower International has announced its mining subsidiary will expand operations significantly. Caret Digital plans to swap mined tokens for $XRP positions at substantial discounts to market rates.

The company estimates this strategy provides effective $XRP exposure at 65% below current trading prices. Management did not specify exact acquisition targets or which mined cryptocurrencies will be exchanged.

Caret Digital currently operates mining facilities for $BTC, $LTC, and $DOGE, according to company documentation. The firm will leverage bulk purchase discounts to expand its mining fleet substantially.

#VivoPower first unveiled its #XRP treasury strategy in May 2025 with backing from a $121 million private placement. His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud led the investment round through Eleventh Holding Company.

Former #Ripple board member Adam Traidman joined as advisory board chairman and participated in the funding. The company selected BitGo as its exclusive custodian and over-the-counter trading partner for $XRP acquisitions.

Partnership agreements with Flare blockchain developer enable yield generation on holdings. VivoPower allocated $100 million initially for the yield program with plans to reinvest income directly into reserves.

Additional expansion includes definitive agreements to acquire $100 million of privately held #RippleLabs shares. This deal would provide exposure equivalent to 211 million $XRP at an implied $0.47 per token.

The electric vehicle division will accept Ripple's RLUSD stablecoin for payments. VivoPower also partnered with Doppler Finance to deploy $30 million of $XRP into institutional yield programs.