VivoPower International (stock code: VVPR), a publicly listed company, announced that its crypto mining subsidiary, Caret Digital, will increase its XRP holdings at an effective cost of 65% discount to the market price by expanding its mining scale and exchanging the mined tokens for XRP. The company did not specify the planned XRP acquisition amount or the type of mining token to be exchanged.

VivoPower began implementing its XRP treasury strategy in May of this year, securing $121 million in private equity funding led by the chairman of Saudi Arabia's Eleventh Holding. Previously, the company had partnered with BitGo for custody and over-the-counter trading, and had also partnered with the Ripple-backed Flare network to develop a yield farming program.

Last month, VivoPower also announced plans to acquire $100 million in private Ripple Labs shares, claiming this would equate to holding XRP at $0.47 per share, an 86% discount to the then-current market price. The company stated its strategy involves a dual approach of mining swaps and equity acquisitions to reduce average holding costs.

As of Tuesday's close, VivoPower's stock price fell slightly by 0.5% to $5, with a market value of approximately $50 million.