Evernorth’s Share Count Turns an Apparent XRP Discount Into a Premium

Evernorth shares may offer far less XRP exposure than a popular treasury tracker suggests. In a video examining the company’s SEC filings, analyst Dana Love calculates roughly 6.07 XRP per share—not the approximately 15 XRP shown by the unnamed data site—a difference that turns an apparent bargain into a substantial premium. Using prices quoted in the YouTube video, XRPN traded at $15.09 while XRP stood at $1.33. The company’s XRP holdings therefore represented about $8.07 per share, putting the stock at roughly 1.87 times its underlying XRP value. The shares missing from the calculation The discrepancy comes from the denominator.