Public Companies Are Starting to Treat XRP as a Treasury Asset
- —Evernorth has purchased or committed more than 473 million XRP
- —Sept. 30 shareholder vote set on Evernorth's merger with Armada Acquisition Corp. II
- —VivoPower launched an XRP treasury strategy alongside a $121 million raise
- —Wellgistics Health has floated raising capital against its XRP holdings
Why it matters: XRP treasuries could become a new source of demand for the token, but carry price, collateral and dilution risks.
Source: Coinpaper