On October 27th, according to Cryptoquant data, Evernorth Holdings has accumulated 388,710,606.03 XRP (about $994 million), becoming one of the main XRP institutional investors. The company, backed by Ripple, plans to expand its XRP reserves by raising more than $1 billion through a merger with Armada Acquisition Corp II (NASDAQ: AACI) SPAC.
Currently, Evernorth has invested $947 million to build up its reserves and has achieved approximately $46 million in unrealized gains in just four days. Its average XRP purchase price is approximately $2.44.
Evernorth Holdings holds 389 million XRP, close to target 95%
2025-10-27 08:26:21
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