Evernorth, a company that holds XRP, said in its latest filing with the U.S. Securities and Exchange Commission that it may sell XRP based on market conditions to fund general corporate expenses. The filing shows the company is facing $30 million in debt obligations. It did not specify how much XRP could be sold, when any sale might take place, or whether there is any immediate plan to sell. As of Oct. 9 Eastern Time, Evernorth held about 473 million XRP valued at roughly $590 million. The item was cited by CoinPedia and carried by Techub News as a brief regulatory update.
Evernorth, a company holding XRP, said in its latest filing with the U.S. Securities and Exchange Commission that it may sell XRP depending on market conditions to fund general corporate expenses.
The filing states that the company is facing $30 million in debt obligations. It does not say how much XRP Evernorth may sell, when any sale could happen, or whether there is an immediate plan to proceed.
As of Oct. 9 Eastern Time, Evernorth held about 473 million XRP, valued at roughly $590 million.
The update was attributed to CoinPedia and summarized by Techub News.
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