Funding
Evernorth to Raise $80M for XRP Purchases
Ripple-backed company Evernorth Holdings has entered into a stock purchase agreement with Cantor Fitzgerald to raise up to $80.7 million through the sale of up to 5.22 million newly issued Class A common shares. The proceeds will be used to expand its XRP treasury, with a significant portion allocated for additional XRP purchases. The financing has not yet begun due to the need for SEC registration effectiveness and other conditions.