【Market Update】XRP treasury company Evernorth debuts on Nasdaq today, bringing a new market catalyst for XRP. The company completed its merger with Armada Acquisition Corp. II last Friday, and shares began trading today under the ticker XRPN. Before listing, it had raised over $1 billion and held approximately 473 million XRP $XRP and $300 million in cash. Evernorth describes itself as an “actively managed XRP treasury” and plans to invest its funds in ecosystem businesses such as institutional yield strategies and on-chain credit.
(Source: CryptoPotato)
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