Ripple-Backed Evernorth Plans $80M Raise for XRP Buys
Ripple-backed Evernorth Holdings plans to raise $80 million to purchase additional XRP tokens, according to CoinGape.
Ripple-backed Evernorth Holdings is planning to raise $80 million in capital with the objective of purchasing additional XRP tokens, according to a report by CoinGape. The financing initiative highlights ongoing corporate efforts to accumulate the digital asset associated with Ripple.
Additional details regarding the funding timeline or the specific mechanisms for the token purchases were not provided in the initial announcement.
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Key facts
- Evernorth Holdings plans to raise $80 million
- Funds are intended to buy more XRP
- The initiative is backed by Ripple
Source: news.google.com
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