🚨 $XRP price is forcing Evernorth to rethink its $1B Nasdaq deal.
With XRP around $1 vs. the $2.36 originally assumed, Evernorth is moving to a flexible share formula tied to XRP’s VWAP at closing.
The interesting part: fewer shares, but more XRP backing each share.
Evernorth currently holds 473M+ XRP, keeping the focus firmly on building a major public $XRP treasury.
This is another sign that XRP’s price is becoming increasingly important to institutional capital markets. 👀
#XRP #Ripple
With XRP around $1 vs. the $2.36 originally assumed, Evernorth is moving to a flexible share formula tied to XRP’s VWAP at closing.
The interesting part: fewer shares, but more XRP backing each share.
Evernorth currently holds 473M+ XRP, keeping the focus firmly on building a major public $XRP treasury.
This is another sign that XRP’s price is becoming increasingly important to institutional capital markets. 👀
#XRP #Ripple