Caret Digital is set to implement a strategic initiative where it will exchange mined cryptocurrencies for positions in XRP at significantly reduced rates compared to current market prices. The company anticipates that this approach will allow it to gain effective exposure to XRP at approximately 65% less than prevailing trading values. However, details regarding the specific cryptocurrencies involved in the exchange or the precise acquisition targets have yet to be disclosed by management.
Currently, Caret Digital operates mining facilities for prominent cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE) as indicated in the company’s documentation. To further bolster its capabilities, the firm plans to leverage bulk purchasing discounts to expand its mining operations considerably.
This new strategy builds upon VivoPower International’s XRP treasury initiative, first introduced in May 2025, which was supported by a substantial $121 million private funding round. Prince Abdulaziz bin Turki bin Talal Al Saud spearheaded the investment through Eleventh Holding Company, with noteworthy participation from former Ripple board member Adam Traidman, who now serves as the advisory board chairman.
Furthermore, VivoPower has appointed BitGo as its exclusive custodian and over-the-counter trading partner for the acquisition of XRP. The company’s partnership agreements with the developers of the Flare blockchain are expected to create yield-generating opportunities for its holdings. An initial allocation of $100 million has been set aside for a yield program, with plans to reinvest the resultant income back into the company’s reserves.
In addition to XRP acquisitions, VivoPower is in the process of finalizing agreements to purchase $100 million worth of shares in Ripple Labs, which would provide an exposure equivalent to approximately 211 million XRP at an implied rate of $0.47 per token. Interestingly, the company’s electric vehicle division will now accept Ripple’s RLUSD stablecoin as a form of payment. Moreover, a partnership with Doppler Finance aims to allocate $30 million of XRP into institutional yield programs, highlighting VivoPower’s commitment to integrating XRP into its financial ecosystem.
As the developments unfold, stakeholders are encouraged to thoroughly investigate and analyze the implications of these strategies, especially given the complex landscape of cryptocurrency markets.
