The 'Largest Pure-Play' XRP Treasury Is About to Go Public
60-second summary
Shareholders approve Evernorth’s merger with Armada Acquisition Corp. II, clearing the path for the Ripple‑backed firm to list on October 8, bringing an estimated 473 million XRP into a publicly traded “pure‑play” treasury. The debut offers investors direct exposure to the digital asset, potentially boosting XRP liquidity, driving price volatility, and prompting broader market interest in crypto‑linked SPACs.
Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.