【Will 473 million XRP be listed on Nasdaq—Is this deal expensive or not? 🔥😳】
Group chat: 🔥 加入X先生的粉丝群聊
A company is betting its entire fortune on one coin. Ticker XRPN is set to debut on Nasdaq on October 8. Backed by Ripple, it is an XRP treasury company. Its name is Evernorth, and the play is very straightforward. After listing, it will hold XRP for shareholders and make money from the stock price. The shareholders just voted, and the proposal passed smoothly. 🏦
This fundraising round is no small matter. Through the deal plus private placement, it raised more than $1 billion in total. Sitting in the treasury are 473 million XRP. A large portion came directly from Ripple itself. Another 84.37 million XRP were bought for $214 million. That works out to a cost of nearly $2.54 per coin. 💰
But right now, XRP is only around $1.50. Compared with that original cost basis, the position is sitting on paper losses. On the voting day, the price even surged a bit. Not long after, it softened again. The market isn’t especially convinced by this kind of story. After all, the coin price is the lifeline of a treasury company. 📉
The company says it won’t just sit there holding coins. It will also invest in XRP-related infrastructure. The goal is to make each share represent more XRP. This was the exact playbook MicroStrategy made famous over the past two years. Use a public company shell to load up on crypto assets. This year, plenty of companies have followed the trend. 🏗️
Buying XRPN does not mean buying XRP directly. What you get is stock, not the coin on-chain. The share price may trade above the holdings, or it may trade below. Whether there is a premium or a discount depends entirely on market sentiment. The thing treasury companies fear most is a persistent discount. Once that happens, the path of issuing shares to buy more coins gets blocked. ⚠️
So this deal is more like a high-stakes gamble. It’s a bet on whether XRP can rise later on. Win the bet, and the value per share rises with it. Lose it, and the stock can only grind against its net asset value. On October 8, when trading opens, the answer will be right there. By then, taking one look at XRPN will tell you what’s what. 🎯
📌 In one sentence: another crypto treasury company is going public, and the bet is still whether the coin price can keep up.
Do you think XRPN will open at a premium, or break below its issue price right away?
#XRP三季度首现连续三月收涨 #XRPN
Group chat: 🔥 加入X先生的粉丝群聊
A company is betting its entire fortune on one coin. Ticker XRPN is set to debut on Nasdaq on October 8. Backed by Ripple, it is an XRP treasury company. Its name is Evernorth, and the play is very straightforward. After listing, it will hold XRP for shareholders and make money from the stock price. The shareholders just voted, and the proposal passed smoothly. 🏦
This fundraising round is no small matter. Through the deal plus private placement, it raised more than $1 billion in total. Sitting in the treasury are 473 million XRP. A large portion came directly from Ripple itself. Another 84.37 million XRP were bought for $214 million. That works out to a cost of nearly $2.54 per coin. 💰
But right now, XRP is only around $1.50. Compared with that original cost basis, the position is sitting on paper losses. On the voting day, the price even surged a bit. Not long after, it softened again. The market isn’t especially convinced by this kind of story. After all, the coin price is the lifeline of a treasury company. 📉
The company says it won’t just sit there holding coins. It will also invest in XRP-related infrastructure. The goal is to make each share represent more XRP. This was the exact playbook MicroStrategy made famous over the past two years. Use a public company shell to load up on crypto assets. This year, plenty of companies have followed the trend. 🏗️
Buying XRPN does not mean buying XRP directly. What you get is stock, not the coin on-chain. The share price may trade above the holdings, or it may trade below. Whether there is a premium or a discount depends entirely on market sentiment. The thing treasury companies fear most is a persistent discount. Once that happens, the path of issuing shares to buy more coins gets blocked. ⚠️
So this deal is more like a high-stakes gamble. It’s a bet on whether XRP can rise later on. Win the bet, and the value per share rises with it. Lose it, and the stock can only grind against its net asset value. On October 8, when trading opens, the answer will be right there. By then, taking one look at XRPN will tell you what’s what. 🎯
📌 In one sentence: another crypto treasury company is going public, and the bet is still whether the coin price can keep up.
Do you think XRPN will open at a premium, or break below its issue price right away?
#XRP三季度首现连续三月收涨 #XRPN
