Evernorth Begins Nasdaq Trading With About 473 Million XRP
Evernorth has started trading on Nasdaq under XRPN, bringing its actively managed treasury of roughly 473 million XRP to public equity markets.
Evernorth began trading on Nasdaq under the ticker XRPN, according to Bitcoin.com News. The company holds approximately 473 million XRP in its cryptocurrency treasury.
The listing gives stock market investors a way to gain exposure to a business centered on XRP holdings, rather than buying the cryptocurrency directly.
Evernorth plans to actively manage its treasury with the aim of increasing the amount of XRP held per share. The supplied report did not detail the strategies it intends to use.
Source: Bitcoin.com News
