VivoPower adopts a mining token swap strategy to acquire XRP at a low cost

Jinse Finance reported that XRP reserve company VivoPower stated its mining division, Caret Digital, will expand its mining machine scale and exchange mined tokens for XRP through "bulk" discounts. The company said this strategy allows it to acquire XRP at approximately a 65% discount. Previously, VivoPower had already deployed XRP through private placements, Ripple equity acquisitions, and yield programs, and further integrated its electric vehicle business Tembo with XRP stablecoin RLUSD payments, while investing 30 million USD worth of XRP into institutional yield programs to achieve reinvestment of returns. The company's stock price fell slightly by 0.5% on Tuesday, with a market capitalization of about 50 million USD.