Evernorth Acquires $1 Billion XRP, Prepares for Nasdaq Listing

Evernorth Holdings, led by former Ripple executive Asheesh Birla, has made a significant acquisition of nearly $1 billion worth of XRP. This move signals a major shift in institutional interest toward the cryptocurrency and marks the company’s preparation for its planned listing on the Nasdaq under ticker XRPN. The company’s acquisition coincides with a planned SPAC merger, expected to bring in over $1 billion in capital. Asheesh Birla’s experience at Ripple has propelled this strategic move, aiming to bolster Evernorth’s reserves and position them for their debut on the exchange.