Newsig · The Block
Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut
Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.
Why it matters
XRP · Why linked: Evernorth's merger is specifically designed to build a $1 billion XRP treasury, directly tying the deal to XRP. Market context: A dedicated XRP treasury vehicle debuting on Nasdaq could create incremental demand for XRP.
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