🏦 Ripple-Backed Evernorth Just Secured $30M for Its XRP Treasury Evernorth Holdings is moving closer to Nasdaq - and it just locked in a $30M convertible-note commitment from South Korea’s NH Investment & Securities. The idea is pretty straightforward: once its SPAC merger closes, Evernorth expects to have more capital available to build its $XRP treasury and eventually trade publicly under the ticker XRPN. This isn’t only about the listing either, but about building the treasury itself: 📌 Evernorth will issue $30M of 4% convertible senior notes due in 2031 📌 Ripple is listed as Evernorth’s sole stockholder in the SEC filing 📌 the company plans to deploy capital across the XRP ecosystem and increase XRP per share over time The shareholder vote is scheduled for September 30, while the merger is expected to close in Q4 2026. If everything goes through, Evernorth would become another public-market vehicle built around digital assets - similar in structure to Bitcoin treasury companies holding $BTC . #BTC Price Analysis# #XRP #Macro Insights#