September 16, 2025 — VivoPower International PLC (NASDAQ: VVPR) revealed a novel XRP treasury strategy. Through its subsidiary Caret Digital, the company will swap mined assets from Bitcoin, Litecoin, and Dogecoin into XRP at discounts of up to 65%.
Key Takeaways
- VivoPower (VVPR) announced a strategy to acquire XRP at discounts of up to 65%.
- Mining assets from Bitcoin, Litecoin, and Dogecoin will be swapped into XRP.
- The company also invests in Ripple Labs equity to optimize its treasury.
- The move could make VivoPower a pioneer in corporate XRP treasuries.
CEO Kevin Chin explained that this XRP treasury strategy reduces acquisition costs while maximizing yield, positioning VivoPower as one of the first corporations to center its balance sheet around XRP.
Historical Development of the XRP Treasury Strategy
VivoPower’s pivot to blockchain began in May 2025 with a $121 million private placement. This move fueled its shift from solar power to digital assets. The firm became the first Nasdaq-listed U.S. company to adopt an XRP-focused approach. Its plan integrated acquisitions, Ripple Labs equity, and DeFi protocols.
By August 2025, VivoPower launched the XRPFi framework and deployed $30 million with Doppler Finance. A $100 million Ripple Labs equity deal set an effective XRP cost basis of $0.47 per token. This structure made the plan even more cost-efficient.
Market Impact and Long-Term Outlook
The strategy could reshape corporate crypto adoption, similar to MicroStrategy’s Bitcoin model. By combining mining swaps, Ripple equity, and DeFi yields, VivoPower is building a regenerative financial framework tailored to XRP’s payment utility.
Market reaction has been optimistic, with XRP open interest rebounding to $8.45 billion and VVPR shares poised for renewed strength. Analysts suggest XRP could test $3.05 resistance, while the long-term success of VivoPower’s strategy may inspire other firms to follow.
