Evernorth’s $1B $XRP Treasury Initiative: Vet Provides Insights on Capital, Investors, and Governance. #Ripple Evernorth Holdings has filed a Form S-4 with the SEC to advance its XRP treasury initiative. XRPL dUNL validator Vet views Evernorth as an XRP powerhouse that transforms the asset into yield-generating working capital. Vet highlighted a major imbalance in entry pricing among investors, with Arrington Capital paying $0.33 per share and SBI paying $10. This pricing gap likely explains why Evernorth caps voting power for early, low-cost investors but not for higher-cost participants like SBI.
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