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VivoPower Embraces Cryptocurrency Strategy Amidst Financial Challenges

In a bold move to diversify its financial strategy, VivoPower International PLC (NASDAQ: VVPR), a sustainable energy solutions company, has announced the adoption of a cryptocurrency payment system through its subsidiary, Tembo e-LV. This initiative allows customers and partners to make payments using Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE), aiming to provide greater flexibility and potentially expedite the company's working capital cycle .

The integration of digital assets into VivoPower's operations is part of a broader corporate treasury management strategy. The company plans to hold portions of its reserves in these cryptocurrencies, subject to market assessments and risk management considerations .

This strategic shift comes at a time when VivoPower is facing significant financial challenges. The company's stock recently plunged to a 52-week low of $0.65, reflecting a 58.75% decrease over the past year. Despite impressive gross profit margins of 74.68%, concerns have been raised about the company's debt burden and rapid cash burn rate .

In response to these challenges, VivoPower has initiated several measures to stabilize its financial position. The company has activated and extended a stock buyback program, authorizing the repurchase of up to $5 million of its outstanding ordinary shares through June 30, 2026 .

Additionally, VivoPower is preparing to spin off its subsidiary, Caret Digital, through a direct listing on the Nasdaq. Caret Digital focuses on Dogecoin mining and plans to convert the mined DOGE into Bitcoin to optimize returns. The spin-off aims to distribute dividend shares to VivoPower shareholders, with each receiving five shares of Caret Digital for every VivoPower share held. The proposed transaction implies a market capitalization for Caret Digital of $250 million .