XRP Treasury Evernorth Files for 11.5M New Shares as It Eyes More XRP Buying

XRP Treasury Company Evernorth filed to register 11,499,992 Class A shares linked to public warrants. Full cash exercise of the registered warrants could generate approximately $132.25 million in gross proceeds. Crypto analyst Ali Martinez pointed to $1.25 support and a potential recovery toward $2. XRP Treasury Company Evernorth Holdings has filed to register nearly 11.5 million new shares that could help the company raise new capital as it expands its XRP treasury. But the registration does not confirm that it has issued new shares or purchased more XRP.

Source: Coinpedia