Arrington discloses 19.9% Evernorth voting stake, with Rippleworks steering most shares
- —Fund holds 4.7M Class A shares and 29M convertible Class C shares
- —Rippleworks can direct voting on 30.2M of the fund's shares
- —Class A block is worth $71.6M; total position about $514M on paper
- —Evernorth stock has fallen 61% from $39.42 to $15.23
Why it matters: The filing shows a Ripple-linked entity controls votes over most of Arrington's stake in the XRP treasury company Evernorth.
Source: Bitcoin.com