XRP treasury firm Evernorth says SEC registration now effective, clearing way for Nasdaq listing

The S-4 registration statement is for Evernorth’s merger with SPAC firm Armada, through which it seeks a Nasdaq listing.
Source: www.theblock.co

The S-4 registration statement is for Evernorth’s merger with SPAC firm Armada, through which it seeks a Nasdaq listing.
Source: www.theblock.co
Below is a summarized version of The Block Research’s Strategy: The Capital Stack Meets a Falling Bitcoin Price report. The full PDF version of this report is accessible here. Strategy Inc., formerly MicroStrategy, faces the first real test of its Bitcoin-treasury model. It holds 847,363 BTC acquired for $64.10 billion, or an average of $75,651….
For sophisticated crypto desks, the bottleneck has rarely been finding liquidity, but rather moving capital fast enough to use it. A fund running active books across the largest CEXs operates multiple separate balance sheets that don’t talk to each other. Every account must be funded to meet worst-case requirements. Collateral can’t be netted across venues….