Evernorth’s XRPN exposes investors to just 5.9 XRP per share, study finds

💥 Each XRPN share gives investors exposure to only 5.9 units of $XRP despite the big corporate treasury.
🔎 XRPN recently traded at nearly double the value of its underlying XRP per share.
📅 Key share lockups expire in April 2027, possibly changing XRPN’s shareholder landscape.

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