Search results for Evernos
Crypto
Evernos joins Nasdaq holding 473 million XRP, wild card is Ripple
Evernos, a cryptocurrency treasury firm holding about 473 million XRP, is set to start trading on Nasdaq under the ticker XRPN after completing a merger with Armada Acquisition Corp II. It raised about $300 million in cash before fees with participation including Ripple, SBI Group and others. CEO Ashish Birla outlined a strategy to generate returns by actively managing holdings, but the company said it will keep cost-minus-impairment accounting for XRP, which can make results asymmetric.
Crypto
Will XRP reach $2? How Evernos Nasdaq listing could affect price
EvernOS will begin trading on Nasdaq on Oct. 8 under the ticker XRPN. U.Today reported that the firm is positioning itself not as a passive ETF but as a treasury vehicle that directly manages assets in the Ripple and XRP Ledger ecosystem. Evernos holds 473 million XRP and plans to deploy it in XRP Ledger DeFi protocols and arbitrage. Analysts say this could reduce circulating supply and support a move toward $2 if demand holds.
Crypto
Ripple-backed Evernos faces Sept 30 merger vote, opening path to Nasdaq listing
Evrnos Holdings is nearing the launch of what it calls the first listed company to put an XRP treasury strategy at the forefront. If shareholders approve a merger with Armada Acquisition Corp II in a vote scheduled for Sept. 30, the company is expected to complete the Nasdaq listing process. Evernos expects to hold at least 473 million XRP at listing and trade under the symbol XRPN.