Evernorth May Sell XRP as $30 Million Debt Obligation Raises Questions
Photo: Coinpedia
Evernorth may sell XRP from its treasury to fund general corporate expenses, according to its latest SEC filing . The company disclosed that it could sell tokens depending on market conditions but did not specify an amount, timeline or immediate selling plan. As of October 9, Evernorth held approximately 473 million XRP , worth around $590 million at a price of $1.25 per token. The filing does not confirm that any of these tokens have been sold. The disclosure comes alongside a registration covering approximately 73.7 million Evernorth shares held by the company and its investors.
Source: Coinpedia
