XRP News: Ripple-Backed Evernorth Holdings Plans to Raise $80M to Buy More XRP

HIGHLIGHTS Ripple-backed Evernorth Holdings entered a stock purchase agreement with CF Principal Investments, an affiliate of Cantor Fitzgerald. The company to issue 5.2 million XRPN Class A common shares to raise $80.7 million for acquire more XRP. XRP price remains range bound but derivatives markets witness buying activity ahead of Ripple Swell. In major XRP news, Ripple-backed XRP treasury Evernorth Holdings is planning to raise $80 million through a new stock issuance to expand its XRP holdings. The firm has adopted a funding model similar to Michael Saylor-led Strategy’s Bitcoin accumulation strategy.