Evernorth to Raise $1 Billion for the Largest XRP Treasury
Yahoo Finance·2025-10-21 00:50
Ripple crypto politician. Photo by BeInCrypto Evernorth is raising over $1 billion to build what could become the largest institutional XRP treasury. The company has agreed to merge with Armada Acquisition Corp II and plans to list its ticker, XRPN, on Nasdaq. Most of the proceeds will go toward open-market XRP purchases, with the rest allocated to working capital and corporate expenses. What Is Evernorth? The initiative aims to create a transparent, actively managed XRP treasury offering institutional ...