Shares XRP— Evernorth, a treasury company, could soon be listed on the Nasdaq exchange if the US government gives the go-ahead.
Company employees filed Evernorth filed with the U.S. Securities and Exchange Commission for a business merger with Armada Acquisition Corp. II, which was announced in October 2025. If the regulator approves the deal, it will be completed subject to a favorable verdict from the holders of a majority of Armada Acquisition Corp. II securities. After this, Evernorth’s assets will be listed on the Nasdaq under the ticker XRPN.
Inspired by the example of the leading employees Bitcoin-treasury company Strategy, Evernorth representatives began investing money in XRP last year. On October 20 and November 4, they bought 473,3 million coins at an average rate of $2,54. Now kriptovalyuta is $1,46, respectively, investment in XRP resulted in losses of 42,5%, which in monetary terms amounts to $511,6 million.
Course fall XRP over the past six months
Despite disappointing results from digital asset investments, Evernorth’s management has not abandoned its plans to increase its stock XRP и reported about the intention to acquire coins worth $1 billion. The cryptocurrency is going to be purchased after the merger with Armada Acquisition Corp. II, so by the time the shares are listed on Nasdaq, the company will most likely own XRP worth more than $1,5 billion.
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