Evernorth shares rose 5% on their Nasdaq debut Monday, marking the listing of the first pure-play XRP digital asset treasury. The company, holding approximately 473 million XRP worth $657 million, will become the largest publicly traded XRP treasury company. The listing follows shareholder approval on Oct. 2 of the merger plan with blank-check firm Armada Acquisition Corp. II. Meanwhile, the XRP token was trading at $1.39 with a market cap of roughly $87.8 billion, ranking it as the fifth-largest cryptocurrency.
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