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Ripple-Backed Evernorth Hits Nasdaq With XRP Treasury

The company's shares rose 5% at the opening, despite 80% of SPAC investors cashing out and its XRP holdings being worth less than the acquisition cost.

2 publishers · 2 articles · first seen 12 Oct 2026 · updated 6h ago

The odds

How the odds moved · $1.5000 - $1.7499
0%50%100%23%11 Oct, 18:29 UTCnowdecrypt.co: Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid · 12 Oct, 18:09 UTCCointelegraph.com News: XRP treasury Evernorth’s shares rise 5% at Nasdaq opening print · 12 Oct, 14:18 UTC

Each tick is a source publishing on this story

Price data
TimeChance of yes
now23%
12 Oct, 18:54 UTC23%
11 Oct, 18:29 UTC27%

The story so far

2 publishers have covered this in 2 articles since 12 Oct 2026. Cointelegraph.com News published first, on 12 October at 14:18 UTC; decrypt.co followed 3h 50m later. The most recent article, from decrypt.co, appeared on 12 October at 18:09 UTC.

Outlets reporting it: Cointelegraph.com News, decrypt.co.

3 prediction markets price this story:

  • $1.5000 - $1.7499 — the market puts it at 23%, with $5 traded in the last 24 hours, closing 1 Jan 2027. The market resolves to Yes if the simple average of the CF Benchmarks XRPUSD_RTI price during the sixty seconds before midnight EST on January 1, 2027, falls between $1.5000 and $1.7499. It resolves to No if that average is outside this range. Readers often mistake the resolution date for the news event date or confuse the specific CF Benchmarks source with other price feeds.
  • XRP — the market puts it at 2%, closing 21 Jan 2029. The outcome is Yes if the U.S. Department of the Treasury announces it has completed buying XRP for a government reserve before January 21, 2029. Otherwise, the outcome is No. Readers often mistake any news about XRP adoption or other government actions for this specific Treasury purchase.
  • Will the price of XRP be above $1.30 on October 13? — the market puts it at 91%, with $5 traded in the last 24 hours, closing 13 Oct 2026. The market resolves to Yes if the closing price of XRP/USDT on Binance is above $1.30 at 12:00 ET on October 13. It resolves to No if the price is $1.30 or lower, or if the data source is not Binance. Readers often mistake the deadline for market close time or check prices on other exchanges instead of the specified Binance pair.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid decrypt.co
  2. XRP treasury Evernorth’s shares rise 5% at Nasdaq opening print Cointelegraph.com News

Markets on this story

  • Kalshi $1.5000 - $1.7499 23% −4 $5 24hends 1 Jan 2027

    Does the market have this right?

    Wrong market?

  • Kalshi XRP 2% $0 24hends 21 Jan 2029

    Does the market have this right?

    Wrong market?

  • Polymarket Will the price of XRP be above $1.30 on October 13? 91% −7 $5 24hends 13 Oct 2026

    Does the market have this right?

    Wrong market?

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In this story

  • Evernorth
  • Nasdaq
  • XRP
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