More XRP? Evernorth Makes Its Next Move After Nasdaq Debut With $80.7M Funding Plan

Evernorth is opening the door to fresh XRP purchases after arranging an equity facility with Cantor Fitzgerald. Evernorth Holdings has filed to raise up to $80.7 million through a committed equity facility with Cantor Fitzgerald. The move could provide fresh capital for the company’s XRP treasury strategy. Fresh Funding to Expand XRP Treasury Under the agreement, Evernorth can sell up to 5,218,935 shares of its Class A common stock to CF Principal Investments LLC. The company said the facility could generate around $80 million in gross proceeds, based on its October 22, 2026, closing share price. Evernorth plans to use some of the funds for general corporate purposes, including buying more XRP and developing products within the XRP ecosystem. Commenting on the development, Evernorth’s Chief Financial Officer Matt Frymier said, “This represents our first step in putting facilities in place to help grow and manage our treasury in an accretive manner for shareholders.” The company already holds around 473 million units of the crypto asset in its treasury. The new funding option gives Evernorth greater flexibility as it expands its operations. The announcement comes shortly after the c...