On its first day on Nasdaq, Evernorth closed at $16.91, down 1.05%, after reaching an intraday high of $19.38.
Before the merger, 80.3% of SPAC shares eligible for redemption had been redeemed, draining some of the cash upfront. The CEO said they plan to gradually increase the amount of $XRP held per share, but the listing itself won’t directly generate buying demand.
I read this as equity-side pricing, not spot-market demand. When they entered the market, they held about 473 million $XRP , worth roughly $648 million at Monday’s price of $1.37. They also disclosed about $300 million in pretax cash proceeds. Binance’s current price is $1.354, down 3.92% over 24 hours; on the day the treasury company went public, the coin itself was still falling.
#纳斯达克 #加密快讯
Before the merger, 80.3% of SPAC shares eligible for redemption had been redeemed, draining some of the cash upfront. The CEO said they plan to gradually increase the amount of $XRP held per share, but the listing itself won’t directly generate buying demand.
I read this as equity-side pricing, not spot-market demand. When they entered the market, they held about 473 million $XRP , worth roughly $648 million at Monday’s price of $1.37. They also disclosed about $300 million in pretax cash proceeds. Binance’s current price is $1.354, down 3.92% over 24 hours; on the day the treasury company went public, the coin itself was still falling.
#纳斯达克 #加密快讯