VivoPower International has confirmed that its subsidiary, Caret Digital, will begin converting its mined digital assets—including Bitcoin, Litecoin, and Dogecoin—into XRP. This strategic move is part of the company's broader effort to acquire XRP at what it considers a significant discount, with a goal of achieving an effective price that is 65% below current market value.
This conversion strategy is combined with a plan to purchase equity in Ripple Labs. According to a recent deal, VivoPower has an agreement to buy $100 million worth of Ripple Labs equity from existing shareholders, which would translate to ownership equivalent to 211 million XRP. At the time of the agreement, this valued the tokens at $0.47 per token, an 86% discount.
The company's pivot toward XRP began in May with a $121 million private placement. Since then, VivoPower has partnered with BitGo for custody and trading, and with Flare, a Ripple-backed blockchain network, to generate returns on its treasury reserves through a $100 million yield initiative.
VivoPower’s XRP strategy now extends beyond treasury management and into its business operations. The company's electric vehicle subsidiary, Tembo, will begin accepting Ripple’s RLUSD stablecoins as payment. Furthermore, a $30 million pilot with Doppler Finance will see XRP deployed into structured yield pools, with plans to potentially expand this to $200 million.
These moves have coincided with increased market activity for XRP. Open interest in XRP derivatives has jumped to $8.45 billion, signaling renewed interest and speculative activity among traders.
September 2025, Cryptoniteuae