VivoPower International, a Nasdaq-listed B-Corp now pivoting to an XRP-centric treasury, said on September 16 it has structured its mining and treasury operations so that it can acquire the token “at up to a 65% discount” to prevailing market prices—by mining other proof-of-work assets and swapping those mined tokens.
The mechanics, as described by VivoPower, hinge on a dual-pronged treasury program: first, produce mined tokens through an expanded fleet acquired at negotiated bulk discounts; second, convert those mined tokens into XRP rather than buying it directly in the open market.
The discount-driven swap strategy is part of a broader corporate transformation in which VivoPower describes itself as “the world’s first XRP-focused digital asset enterprise,” with a mandate to acquire, manage, and hold the token over the long term while supporting ecosystem-based infrastructure and real-world applications. The group operates two business units: Tembo, which develops electric utility vehicles and associated energy solutions, and Caret Digital, which is tasked with power-to-X initiatives including mining.
The program is positioned as a “regenerative loop,” with yields reinvested back into reserves to compound the treasury over time. “By harnessing Doppler Finance’s programmable infrastructure, we can put reserves to work while retaining XRP as our cornerstone treasury asset,” Executive Chairman and CEO Kevin Chin said in the statement.
Taken together, the mining-to-swap channel, the Doppler yield deployment, and RLUSD integration sketch a cohesive playbook: reduce the acquisition cost via mining and procurement discounts, generate yield on held tokens within an institutional framework, and deepen real-economy ties to the ecosystem through stablecoin-based payments. While the “up to 65%” effective discount claim is explicitly forward-looking and contingent on market conditions, VivoPower intends to load up on XRP—by producing and swapping rather than simply buying.
At press time, XRP traded at $3.02.
