{"id":79428,"date":"2026-10-13T01:06:14","date_gmt":"2026-10-13T01:06:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/evernorth-hits-nasdaq-with-473-million-xrp-as-xrpn-trading-begins\/"},"modified":"2026-10-13T01:06:14","modified_gmt":"2026-10-13T01:06:14","slug":"evernorth-hits-nasdaq-with-473-million-xrp-as-xrpn-trading-begins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/evernorth-hits-nasdaq-with-473-million-xrp-as-xrpn-trading-begins\/","title":{"rendered":"Evernorth Hits Nasdaq With 473 Million XRP as XRPN Trading Begins"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">XRPN reached $17.37, up 2.72% after hours, at 7:30 p.m. EDT.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Evernorth entered public markets holding approximately 473 million XRP.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Management plans to deploy capital and increase XRP held per share.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>XRPN Starts Trading as XRP Treasury Reaches Nasdaq<\/h2>\n<p>Stock market investors gained access to Evernorth Holdings Inc. (Nasdaq: XRPN) on Oct. 12 as the XRP treasury company\u2019s shares opened for trading. Its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2092592\/000119312526419146\/d24481d8k.htm\" target=\"_blank\" rel=\"noopener noreferrer\">start of Nasdaq trading<\/a> follows the completion of a merger with Armada Acquisition Corp. II, a special purpose acquisition company formed to bring another business public. XRPN identifies Evernorth\u2019s common stock.<\/p>\n<p>Shares finished the regular session at $16.91, down 18 cents, or 1.05%, from the previous close. By 7:30 p.m. EDT, <a href=\"https:\/\/www.nasdaq.com\/market-activity\/stocks\/xrpn\" target=\"_blank\" rel=\"noopener noreferrer\">XRPN\u2019s after-hours price<\/a> stood at $17.37, up 46 cents, or 2.72%, from the session\u2019s closing level, according to Nasdaq data captured that evening.<\/p>\n<p>The launch followed an administrative delay that moved the planned market debut four days beyond its original target. The <a href=\"https:\/\/news.bitcoin.com\/featured\/evernorth-sets-new-xrp-treasury-timeline-after-administrative-delay\/\">revised merger and trading timetable<\/a> replaced an Oct. 7 closing and Oct. 8 trading start with Oct. 9 and Oct. 12, respectively. Armada shareholders had approved the transaction at their Sept. 30 meeting.<\/p>\n<figure id=\"attachment_855473\" aria-describedby=\"caption-attachment-855473\" style=\"width:1017px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-855473\" class=\"wp-caption-text\">Evernorth shares closed at $16.91, down 1.05%, before reaching $17.37 in after-hours trading at 7:30 p.m. EDT on Oct. 12. Source: Nasdaq.<\/figcaption><\/figure>\n<h2>473 Million XRP Backs an Active Treasury Strategy<\/h2>\n<p>Evernorth held approximately 473 million XRP at closing and had raised approximately $300 million in gross cash proceeds before transaction expenses. Its <a href=\"https:\/\/news.bitcoin.com\/featured\/xrp-gaining-nasdaq-exposure-as-evernorth-takes-473m-xrp-public\/\">completed XRP treasury merger<\/a> brought together financing and institutional backing from investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.<\/p>\n<p>Founder and Chief Executive Officer Asheesh Birla outlined the operating strategy in the company\u2019s Oct. 9 <a href=\"https:\/\/www.prnewswire.com\/news-releases\/evernorth-completes-business-combination-with-armada-acquisition-corp-ii-302903875.html\" target=\"_blank\" rel=\"noopener noreferrer\">business combination announcement<\/a>. He said:<\/p>\n<blockquote>\n<p>\u201cCompleting this transaction today marks a significant milestone of bringing this company to market.\u201d<\/p>\n<\/blockquote>\n<p>Evernorth intends to pursue institutional and decentralized finance yield strategies, ecosystem participation, and capital markets activities to increase XRP per share.<\/p>\n<p>That objective measures the quantity of tokens held relative to outstanding shares, linking treasury growth to the number of outstanding shares. Purchasing Evernorth shares gives investors an ownership interest in the business. Holding <a href=\"https:\/\/www.bitcoin.com\/get-started\/money-fundamentals\/fundamentals\/a-quick-introduction-to-crypto\/\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency directly<\/a> instead means owning the digital asset itself. The equity investment combines XRP exposure with Evernorth\u2019s financing structure, operating decisions, and business performance.<\/p>\n<p>The transaction\u2019s financing details show substantial shareholder redemptions before the combined business reached public markets. Holders redeemed approximately 80.3% of Armada shares eligible for redemption, receiving about $195.39 million in cash, the SEC filing states. Separately, Evernorth identifies tokenized assets, blockchain-based credit markets, and settlement infrastructure as potential areas for capital deployment.<\/p>\n<h2>Evernorth Sets Nasdaq Bell Ceremony for Oct. 14<\/h2>\n<p>The debut week also extends Evernorth\u2019s public campaign recognizing supporters who remained involved in the XRP ecosystem through setbacks. Its <a href=\"https:\/\/news.bitcoin.com\/featured\/xrp-community-takes-center-stage-in-evernorths-nasdaq-plans\/\">XRP community campaign<\/a> features Bearchamp, a boxing bear character created by Chicago artist JC Rivera. The collaboration developed through a series of chapters leading toward a Times Square presentation.<\/p>\n<p>Evernorth expects to ring the Nasdaq closing bell Oct. 14 with company leadership, investors, and XRP ecosystem participants. That afternoon, the final chapter of the Bearchamp collaboration is scheduled to premiere in Times Square, New York, at around 4 p.m. Eastern, the company stated in its Oct. 10 update on X.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/evernorth-highlights-xrps-actual-story-beyond-jpmorgan-settlement-attention\/\"><img alt=\"Evernorth Highlights XRP\u2019s \u2018Actual Story\u2019 Beyond JPMorgan Settlement Attention\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/evernorth-highlights-xrps-actual-story-beyond-jpmorgan-settlement-attention\/\"><img alt=\"Evernorth Highlights XRP\u2019s \u2018Actual Story\u2019 Beyond JPMorgan Settlement Attention\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fevernorth-xrp-real-story-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">XRP gained renewed attention after Evernorth highlighted how the crypto asset facilitated a tokenized Treasury redemption across Ripple, Mastercard, J.P.\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/evernorth-hits-nasdaq-with-473-million-xrp-as-xrpn-trading-begins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways XRPN reached $17.37, up 2.72% after hours, at 7:30 p.m. EDT. Evernorth entered public markets holding approximately 473 million XRP. Management plans to deploy capital and increase XRP held per share. XRPN Starts Trading as XRP Treasury Reaches Nasdaq Stock market investors gained access to Evernorth [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79428"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79428"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79429"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}