From Coinpedia · By Anjali Belgaumkar
Some of the biggest names in the XRP world now have the green light to sell shares in Evernorth Holdings, the Nasdaq-listed XRP treasury company trading as XRPN. The SEC declared Evernorth’s resale registration effective on November 9, covering up to 73.7 million shares. Arrington XRP Capital Fund holds the largest block at 33.82 million shares, nearly half the total. Ripple Labs follows with 18.14 million, SBI-linked entities hold 11.79 million and the Larsen Lam Children’s Remainder Trust has 7.15 million. Smaller stakes belong to a Pantera fund, GSR, gumi and Kraken parent Payward. Only about 19.1 million shares, roughly a quarter, are already issued. The rest would come from conversions, exchanges and warrant exercises. Registration does not mean any holder has sold, and some shares remain locked up. Evernorth will receive cash only from warrant exercises.
Advertisement
TagsCrypto news Ripple (XRP)