SEC Allows Evernorth to Raise $132M for XRP Purchase

The U.S. Securities and Exchange Commission (SEC) has allowed public company Evernorth to raise $132 million to acquire XRP tokens. The organization plans to use these funds as part of a digital asset management strategy aimed at accumulating cryptocurrency.

Evernorth is a publicly traded company listed on the Nasdaq stock exchange. The corporation actively implements a DAT strategy, where cryptocurrency serves as the main asset in the company's balance sheet. The goal of this approach is to increase the number of tokens per share.

Currently, the company's portfolio includes significant volumes of Ripple's digital currency. Evernorth's current balance stands at 473 million XRP tokens. According to current market estimates, the value of these assets reaches $638 million USD.

The Digital Asset Treasury strategy involves holding cryptocurrency as a key element of the financial model. Companies using this approach focus on long-term asset accumulation rather than traditional reserves. This allows them to respond to market volatility through the growth of their own stock prices.

The SEC's approval paves the way for a large-scale expansion of Evernorth's crypto portfolio. The raised funds will be directed exclusively towards purchasing XRP tokens. Investors can track the dynamics of asset accumulation through official commission documents.