XRP treasury company Evernorth has completed its SPAC merger with Armada Acquisition Corp. II. The company now holds approximately 473 million XRP, valued at around $672 million at current prices, along with about $300 million in cash. Additionally, the company has appointed former Coinbase Asset Management Co-CIO Hugo Jeandesboz as Head of Investments, responsible for treasury allocation, liquidity management, and active XRP management. Evernorth plans to increase per-share XRP holdings through lending, liquidity provision, and other yield strategies, and will list on Nasdaq following the merger. (The Block) https://www.(wublock123.com)/news/evernorth-spac-merger-holds-473m-xrp-former-coinbase-co-cio-now-head-of-investments-69929