PANews reported on September 17th that, according to The Block, XRP treasury company VivoPower International (stock code: VVPR) announced on Tuesday that its mining subsidiary, Caret Digital, will expand its operations and exchange mined tokens for XRP, a move that will give the company exposure to the cryptocurrency at an effective discount of 65%. The company did not specify how much XRP it expects to acquire or which mined tokens will be exchanged. VivoPower stated that its XRP reserve strategy is twofold: combining token exchanges from mining activities with Ripple equity acquisitions to reduce the average acquisition cost while deepening exposure to the XRP ecosystem.PANews reported on September 17th that, according to The Block, XRP treasury company VivoPower International (stock code: VVPR) announced on Tuesday that its mining subsidiary, Caret Digital, will expand its operations and exchange mined tokens for XRP, a move that will give the company exposure to the cryptocurrency at an effective discount of 65%. The company did not specify how much XRP it expects to acquire or which mined tokens will be exchanged. VivoPower stated that its XRP reserve strategy is twofold: combining token exchanges from mining activities with Ripple equity acquisitions to reduce the average acquisition cost while deepening exposure to the XRP ecosystem.
VivoPower claims its swap strategy allows it to accumulate XRP at a low cost, at a 65% discount.
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PANews reported on September 17th that, according to The Block, XRP treasury company VivoPower International (stock code: VVPR) announced on Tuesday that its mining subsidiary, Caret Digital, will expand its operations and exchange mined tokens for XRP, a move that will give the company exposure to the cryptocurrency at an effective discount of 65%. The company did not specify how much XRP it expects to acquire or which mined tokens will be exchanged. VivoPower stated that its XRP reserve strategy is twofold: combining token exchanges from mining activities with Ripple equity acquisitions to reduce the average acquisition cost while deepening exposure to the XRP ecosystem.
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