🚨 The 473M XRP headline is hiding the more important number...
#xrppostsfirstthreegreenmonthsinq3 XRP just completed its first-ever three-month green Q3: +2% in July, +30% in August and +7.95% in September — more than 43% for the quarter.
Now Q4 starts with a different experiment.
Evernorth expects to begin Nasdaq trading under XRPN on Oct. 8, following shareholder approval, with about 473M XRP expected at closing.
But that does NOT mean 473M XRP was freshly bought.
SEC filings show 84.37M XRP was purchased with $214M cash at an average $2.5366. Roughly 389M XRP came through contributions/subscriptions.
At XRP’s ~$1.52 today, the stated treasury is worth roughly $719M.
So Oct. 8 becomes a real market test:
Will investors value XRPN above, around, or below the XRP it holds?
And can Evernorth actually grow XRP per share without excessive dilution?
That’s the metric I’m watching — not the headline.
DYOR. Verify closing, Nasdaq commencement, NAV and dilution data as they update.
$XRP #XRPPostsFirstThreeGreenMonthsInQ3 #EvernorthPlansNasdaqListingOct8 #XRP #NFPWatch