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Crypto & Bitcoin

473 Million XRP Now Backs Evernorth’s New Nasdaq Listing Under XRPN

Reported by AltcoinGordon, TheCoinrise

Image: TheCoinrise

Evernorth has begun trading on the Nasdaq stock exchange under the ticker symbol XRPN, according to a report from Bitcoin.com News. The listing is notable because it ties a publicly traded company directly to a large holding of XRP, the digital asset associated with Ripple's payment network. According to the report, Evernorth holds approximately 473 million XRP. At current market conditions, a holding of that size would represent a substantial treasury position relative to most corporate crypto allocations disclosed to date. The report did not detail how the holding was accumulated or over what time period.

This is an excerpt. The reporting belongs to TheCoinrise.

Read the full report on thecoinrise.com

Also carried by Bitcoin Insider

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