Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Active Measures To Increase XRP Price. Here’s the Latest

Active Measures To Increase XRP Price. Here’s the Latest

TimesTabloidTimesTabloid2026/10/08 15:00

That is a significant statement. Most corporate treasury vehicles accumulate an asset and wait. Evernorth has committed to something more deliberate.

Details From the Research

The SBI slide confirms that Evernorth has two active tools in its strategy. The first is lending for institutional investors. The second is leveraging DeFi. This is documented directly in SBI’s own materials.

SBI Group invested $200 million in cash into Evernorth through a Private Investment in Public Equity (PIPE). The slide showing these details comes from SBI’s own reporting on that investment, not speculation from outside observers. It is Evernorth’s stated strategy, documented by one of its largest backers.

Digital Asset Investor Weighs In

Digital Asset Investor zeroed in on the same detail SMQKE highlighted. “You’re not creating an XRP treasury unless you’re expecting the value of XRP to go up,” he said, “and expecting to do everything you can to make the value go up.”

He made clear that the active measures language matters. An institution raising over $1 billion to hold a single asset, and committing publicly to grow that asset’s value through lending and DeFi, is sending a clear signal about its expectations for XRP.

Evernorth currently holds 473 million XRP tokens. That figure alone makes it one of the largest public XRP treasury companies in existence. The active strategy SMQKE highlighted applies to that entire position. Institutional lending and DeFi deployment will work off that base, with yields reinvested into additional XRP purchases.

The Nasdaq Date

Evernorth’s Nasdaq debut is now set for on or about October 12, under the ticker XRPN. A brief administrative delay pushed the closing date to on or about October 9. The delay has no expected impact on the transaction closing.

Shareholders approved the merger on September 30. Once trading begins, retail and institutional investors gain regulated access to XRP exposure through a standard brokerage account. The combination of the imminent listing and Evernorth’s publicly documented active strategy gives the XRP community a concrete timeline and a clear mandate to point to.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

BRIEF-Veea Regains Full Compliance With Nasdaq Continued Listing Requirements

Oct 8 (Reuters) - Veea Inc VEEA.O: VEEA REGAINS FULL COMPLIANCE WITH NASDAQ CONTINUED LISTING REQUIREMENTS Source text: ID:nGNX9LhSKf Further company coverage: VEEA.O ((Reuters.Briefs@thomsonreuters.com;))

Reuters•2026/10/08 21:54
BRIEF-Veea Regains Full Compliance With Nasdaq Continued Listing Requirements

Exclusive Report – Sources say Refresco is planning an initial public offering (IPO) with a valuation of over 10 billions dollars.

According to sources, several banks have been competing for IPO underwriting business in recent weeks. The sources said the potential listing could take place in either the United States or Europe. KKR acquired Refresco for approximately $8 billion in 2022. Reuters New York, October 8 – According to informed sources, Netherlands-based Refresco and its parent company KKR have recently heard pitches from several investment banks regarding their potential roles in the IPO of Refresco, one of the world's largest independent beverage manufacturers. Sources, speaking anonymously, revealed that Refresco is exploring listing plans, possibly in either the US or Europe, and that regardless of the market, the company’s valuation could surpass $10 billion. They cautioned that the plans are at a preliminary stage and may change. KKR, an investment firm, acquired the company in 2022 for about $8 billion through its global infrastructure strategy, which focuses on investing in critical infrastructure assets. Other investments under this strategy include utilities, energy, and telecommunications service companies. Both Refresco and KKR declined to comment. Founded in 1999 and headquartered in Rotterdam, Netherlands, Refresco partners with retailers such as Walmart and Aldi to produce private label beverage products, and also collaborates with branded beverage companies like Coca-Cola, PepsiCo, and Monster Beverage. Refresco claims to be the world’s largest independent beverage manufacturer, providing production, bottling, warehousing, logistics, and distribution services to partners. The company operates 85 production sites across North America, Europe, and Australia. According to its annual report, the company achieved nearly $7 billion in revenue and about $930 million in adjusted EBITDA in 2025. Sources noted that although Coca-Cola Consolidated mainly collaborates with Coca-Cola, this North Carolina-based beverage manufacturer could still be a relevant comparable for Refresco. According to data provider LSEG, that company's market capitalization is around $12.5 billion, and its EBITDA multiple is close to 12 times. Dealogic data show that the US IPO market had a strong start this year, with traditional IPO funding approaching $140 billion so far, making 2026 likely to approach the record levels seen in 2021. However, market volatility, rising bond yields, rate hike concerns, and increasing questions over AI spending and valuations are threatening the once-expected bumper autumn IPO season. Several companies, including smart ring maker Oura, have postponed planned listings in recent weeks. Nevertheless, IPO advisors and investors say companies continue to hold pitches with investment banks to vie for underwriting spots—known as “beauty contests.” They are also continuing informal meetings with investors and other preparations to allow them to move quickly when market conditions improve. (For the convenience of non-English speakers, Reuters automatically translates its reports into various languages. Reuters does not guarantee the accuracy of automated translations, and such translations are provided solely for reader convenience. Reuters accepts no liability for any damage or loss caused by use of the automated translation function.)

路透社•2026/10/08 21:36

Bombardier Opens New Line Maintenance Station in Sydney

05:27 PM EDT, 10/08/2026 (MT Newswires) -- Bombardier (BBD-B.TO) after trade Thursday said it is opening a new Line Maintenance Station in Sydney, Australia, expanding its network in the Asia-Pacific region. The aircraft manufacturer said the move adds to its existing Australian facilities in Perth and Melbourne. The Sydney location will provide emergency aircraft-on-ground support, unscheduled maintenance and select scheduled inspections. It will also offer mobile response capabilities, with technicians certified to service Bombardier's Learjet, Challenger and Global aircraft, the company said. "The site's new Component Repair and Overhaul workshop will further strengthen Bombardier's capabilities in APAC," it added.

MT newswire•2026/10/08 21:27