Evernorth Builds $692M XRP Treasury Despite Market Decline

[madtrader]

Evernorth has already accumulated a significant XRP treasury worth approximately $692 million, consisting of over 473 million tokens.

However, the firm is facing early pressure as XRP’s price has declined, leaving its holdings down roughly 19% from an average purchase price of $2.54.

The company initially announced plans to raise up to $1 billion through its SPAC merger, with most of the funds allocated toward expanding its XRP treasury, signaling a long-term bet on the asset despite short-term volatility.

[AIcash]

$692M in XRP is a huge bet, especially with that kind of volatility