evernorth

According to BBX data, last weekend, global publicly listed treasury and mining companies in the U.S. announced their latest accounts regarding digital asset allocation, note financing, and liquidity management. The core updates are as follows:Evernorth Holdings plans to issue $30 million in convertible senior notes, specifically for increasing its holdings in XRP and ecological expansion: The treasury company Evernorth Holdings submitted an 8-K filing to the U.S. SEC, disclosing that it has signed a subscription agreement with a trust under South Korea's NH Investment & Securities, planning to issue convertible senior payment-in-kind (PIK) notes with a scale of $30 million, an annual interest rate of 4%, and maturing in 2031. The formal effectiveness of the notes is contingent upon the completion of the business merger transaction between Evernorth and the SPAC company Armada Acquisition Corp. II (expected to close in the fourth quarter of 2026). The proceeds will be fully used to purchase XRP in the secondary market and participate in XRP-related ecological businesses. Noteholders can convert the notes into the company's Class A common stock one year after the effective date, with an initial conversion price of approximately $10.20 per share.Bitdeer (NASDAQ: $BTDR) disclosed weekly mining data, producing 287.2 BTC fully liquidated: The Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week of September 18, its self-operated Bitcoin mining output was 287.2 BTC, and it sold 287.2 BTC in the open market during the same period, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sale upon production, maintaining zero Bitcoin retention.

According to CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities.This financing is contingent upon the successful merger of Evernorth with a SPAC, and the raised funds will be used to purchase XRP spot in advance before its listing on Nasdaq. After the merger is completed, the company plans to list under the code "XRPN" on Nasdaq.

Evernorth's report shows that the number of XRP Ledger accounts has decreased, but the volume of single transactions has nearly tripled, with the total network value driven by stablecoins surpassing 4.2 billion dollars.

According to BBX data, last weekend, global US and European listed companies disclosed the latest official accounts regarding digital asset treasury financing, SPAC mergers, and mining reserve strategies. The core updates are as follows:Capital B raised nearly 20 million euros in a private placement, planning to purchase an additional 270 bitcoins: French listed company Capital B (Euronext: $ALCAP) announced that it has conducted a targeted private placement of approximately 36.22 million shares with warrants (ABSA) to global institutional investors, with an issue price of 0.58 euros per share, raising a total of approximately 21 million euros (net approximately 19.9 million euros). This round of strategic investors includes Adam Back and the well-known asset management firm TOBAM, with Maxim Group serving as the exclusive placement agent. The company stated that the funds raised are intended for the purchase of approximately 270 bitcoins, which would increase its potential total bitcoin holdings to 3,415 BTC.XRP treasury company Evernorth's S-4 declaration takes effect, planning to list on Nasdaq under the code "XPN": XRP treasury company Evernorth Holdings announced that its S-4 registration statement related to the business merger with SPAC company Armada Acquisition Corp. II submitted to the US SEC has officially taken effect. Armada shareholders are scheduled to hold a special meeting on September 30 to vote. If the transaction is approved and meets the closing conditions, the merged company is expected to complete the closing by the end of the third quarter or the beginning of the fourth quarter of this year and will be listed on Nasdaq under the stock code "XPN."Bitdeer disclosed weekly mining data, maintaining a zero-holding strategy with full liquidation: Nasdaq-listed bitcoin mining company Bitdeer (NASDAQ: $BTDR) announced the latest holding data. As of the week ending August 28, its self-mining output totaled 273.5 BTC, and during the same period, it fully sold 273.5 BTC in the secondary market, resulting in a net addition of 0 BTC. The company's balance sheet continues to maintain a zero retention strategy, selling mined bitcoins immediately.

The U.S. Securities and Exchange Commission (SEC) has approved the merger registration documents of Evernorth, a treasury company supported by Ripple, with the special purpose acquisition company Armada Acquisition Corp. II, clearing the way for the company to land on Nasdaq. Armada shareholders will vote on September 30, and if approved, the merged entity will be listed on Nasdaq under the code XRPN, with Evernorth expecting the transaction to be completed by the end of September or October.Evernorth is a company based in San Francisco, aiming to incorporate XRP into a public balance sheet and planning to invest in XRP infrastructure, gradually increasing the corresponding XRP reserve per share. The company was founded and is led by Asheesh Birla, who has been responsible for payment operations at Ripple for over a decade. In addition to Ripple, institutions such as Arrington Capital, Japan's SBI Group, Pantera Capital, Kraken, and GSR are also involved in the investment.As of the time of publication, XRP is quoted at approximately $1.41, with a weekly increase of over 27%.

According to The Block, XRP treasury company Evernorth announced that its SEC S-4 form related to the merger with Armada has become effective, advancing the Nasdaq listing process.CEO Asheesh Birla stated, "We believe institutional finance will increasingly build on-chain, and Evernorth aims to accelerate XRP's role in this process."

According to PRNewswire, the crypto startup Evernorth, supported by Ripple, announced that it has publicly submitted an S-4 registration statement to the U.S. Securities and Exchange Commission (SEC) regarding its previously announced business combination with the SPAC company Armada Acquisition Corp. II, sponsored by Arrington Capital, with the goal of becoming an XRP treasury company listed on Nasdaq.Previously, in October last year, it was reported that Evernorth plans to go public in the U.S. and raise over $1 billion to accumulate XRP tokens.

Evernorth, the XRP treasury entity supported by Ripple, is preparing to go public on Nasdaq through a SPAC merger, trading under the ticker symbol XRPN. The company holds 388 million XRP tokens, currently valued at approximately $812 million.CEO Asheesh Birla stated, "The timing couldn't be more perfect; we have the right regulatory environment, government support, and institutions ready to adopt." Despite the recent valuation plunge of crypto reserve companies, many of which have stopped purchasing cryptocurrencies, Birla emphasized that Evernorth not only provides exposure to XRP but also handles custody, compliance, and security obligations.

The XRP treasury entity Evernorth Holdings, supported by Ripple executives, is facing an unrealized loss of over $220 million.According to data tracked by CryptoQuant, Evernorth holds approximately 389 million XRP, with an acquisition cost of about $947 million. Based on the current XRP price of $1.86, its holding's market value is approximately $724 million, resulting in a significant unrealized loss for the company.

ChainCatcher news, according to Cryptobriefing, the newly established XRP financial company Evernorth Holdings (which has close strategic ties with Ripple executives) has accumulated nearly 389 million XRP tokens.Based on the trading price of XRP at $2.6 at the time of writing, these holdings are worth over $1 billion, making Evernorth one of the largest holders of the token. CryptoQuant's on-chain analyst JA Maartun reported that as of October 27, Evernorth has invested approximately $947 million in its asset reserves. Currently, this investment has generated over $50 million in unrealized gains.

ChainCatcher news, reported by Techstartups, states that Evernorth, a cryptocurrency company supported by Ripple, announced it will go public on Nasdaq through a merger with Armada Acquisition Corp II (AACI.O), expecting to raise over $1 billion.The company plans to become the largest XRP fund and the U.S. publicly listed company holding the most XRP, with the transaction expected to be completed in the first quarter of 2026.