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VivoPower expands its XRP treasury by swapping mined assets from Caret Digital directly into the token, reinforcing its position as a leading corporate holder.
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XRP open interest rebounds to $8.45 billion, signaling renewed speculative activity and growing institutional demand after a sharp decline in August.
XRP open in terest is showing fresh signs of momentum, rebounding to $8.45 billion after a sharp 30% decline in August. The recovery coincides with VivoPower International’s bold new move to expand its XRP treasury by swapping mined assets from its Caret Digital unit directly into the token.
The strategy strengthens the firm’s positioning as one of the most aggressive corporate holders of XRP, highlighting how institutional demand is building for the altcoin.
VivoPower Expands XRP Treasury
In a press release, VivoPower confirmed plans to scale its mining operations through Caret Digital, securing bulk discounts on additional rigs. Unlike typical corporate treasury allocations that rely solely on open-market purchases, VivoPower’s approach channels mined assets directly into XRP, giving the company a lower cost basis for accumulation.
This announcement follows VivoPower’s earlier commitment in May to hold XRP as part of its treasury reserves. The company raised $121 million for the initiative, pledging to manage allocations dynamically through direct purchases, mining swaps, and equity exposure.
With this latest move, VivoPower is signaling its intention to become a cornerstone corporate player in XRP adoption.
Rebound in XRP Open Interest
The timing aligns with XRP’s derivatives market showing renewed speculative activity. After a liquidation-driven downturn in August that cut open interest by 30% to $7.7 billion, the metric has since bounced back to $8.45 billion, according to Coinglass data. Rising open interest often indicates growing trader conviction and expectations of price volatility.
While XRP’s spot price remains below its recent high of $3.66, the derivatives rebound suggests bullish sentiment may be returning. The market seems to be factoring in not only corporate moves like VivoPower’s but also the broader institutional narrative forming around the token.
Building a Multi-Pronged Strategy
VivoPower’s latest mining swap builds on its aggressive treasury expansion plan. In recent months, the firm revealed plans to purchase $100 million in Ripple equity, giving it an effective entry price of just $0.47 per XRP token.
Additionally, the company has moved beyond simple holding strategies. In early September, VivoPower announced a $30 million pilot program with Doppler Finance, deploying XRP into structured yield strategies designed for institutions, with the potential to scale to $200 million. Similarly, its $100 million partnership with Flare Networks aims to deploy XRP into decentralized finance protocols, opening new revenue streams from its holdings.
Outlook: Institutional and Market Momentum
VivoPower’s multi-channel approach is transforming it into one of the most significant corporate XRP holders, setting a precedent for other firms to explore similar treasury strategies. By coupling mining swaps with direct equity plays and DeFi integrations, the company is creating a blueprint for institutional-grade XRP accumulation.
For traders, the rebound in open interest signals that speculative activity is once again heating up. Together, these developments suggest XRP could be entering a new phase of momentum, supported both by institutional adoption and derivatives market optimism.
