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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
VivoPower: Obtain XRP with a 65% discount through Mining swaps, deepening the layout by combining Ripple equity investment.
VivoPower International (NASDAQ: VVPR) announced on September 17 that its mining division Caret Digital will expand its mining fleet through "bulk" discounts and exchange the mined tokens for Ripple (XRP), achieving a 65% effective discount to acquire XRP exposure. This strategy is part of the company's dual-pronged XRP fund management plan, combining mining token swaps with Ripple equity investment, aimed at dropping average acquisition costs and deeply participating in the XRP ecosystem.
Mining Swap + Bulk Discount: Core Strategy to drop XRP Cost
VivoPower has not disclosed how much XRP will be exchanged, nor has it specified which mining tokens will be used. However, according to information from the official website, Caret Digital is currently primarily mining Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE).
The company stated that by bulk purchasing Mining Rigs and Token swaps, the actual acquisition cost of XRP can be reduced to 35% of the market price.
XRP Fund Management Plan: Dual-Line Parallel
VivoPower's XRP strategy includes:
Mining Token Exchange: Convert mining earnings such as BTC, LTC, DOGE into XRP.
Ripple Equity Investment:
· Reached an agreement with existing shareholders for the acquisition of private shares in Ripple Labs valued at $100 million (subject to approval by Ripple executives)
The transaction will bring an indirect exposure of 211 million XRP, with an implied price of only $0.47/XRP, a discount of 86% compared to the market price at that time.
Capital and Ecological Cooperation: From Custody to Revenue Reinvestment
Source of Capital: In May this year, VivoPower announced a $121 million private placement led by Saudi Arabia's Eleventh Holding Company, with former Ripple board member Adam Traidman participating and serving as chairman of the advisory board.
Custody and Trading: From June, BitGo will be entrusted as the exclusive custody and OTC trading partner.
Yield Plan: In cooperation with the Flare blockchain supported by Ripple, launch a $100 million capital allocation XRP yield plan, with returns reinvested into XRP reserves.
Expand into more areas of the XRP ecosystem
Recently, VivoPower further extended its XRP strategy to ecological applications:
Electric vehicle division Tembo: begins accepting Ripple RLUSD stablecoin payments
Cooperating with Doppler Finance: Invest $30 million XRP into institutional yield projects and reinvest the earnings into reserves.
Market Reaction
As of September 16, VivoPower's stock price slightly dropped by 0.5% to $5, with a market capitalization of approximately $50 million. Despite short-term stock price fluctuations, the company is building a foundation for long-term value growth through a diversified XRP investment and revenue strategy.
Conclusion
VivoPower, through a dual strategy of Mining swaps + Ripple equity investment, has not only effectively reduced the acquisition cost of XRP but also linked capital and returns reinvestment to the entire XRP ecosystem. With the advancement of the RLUSD stablecoin and Flare yield program, the company is gradually transforming from a mere asset holder to a deep participant and promoter of the XRP ecosystem.