SEC approves Evernorth prospectus to raise funds for XRP purchases
- —SEC approved Evernorth's prospectus for share issuance tied to warrant exercises
- —Ripple-backed Evernorth may use proceeds to expand its XRP treasury
- —Evernorth's Nasdaq listing previously failed to lift XRP above $1.33
Why it matters: The approval gives Evernorth a capital-raising path to buy more XRP, potentially strengthening institutional demand for the token.
Source: Cryptonews.net