Evernorth CEO Teases Massive XRP Accumulation Beyond $1 Billion
Evernorth chief executive Asheesh Birla says the company’s planned $1 billion war chest for XRP is only a starting line, outlining an active-management strategy designed to recycle yield into additional purchases and position the treasury vehicle for a Nasdaq debut under the ticker XRPN in the first quarter of 2026. In a new interview on […]
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Evernorth has emerged as the latest powerhouse in institutional crypto accumulation, closing in on its ambitious XRP treasury goal. In just a few days, the firm has reached 95% of its accumulation target, marking a major milestone in XRP’s journey toward broader institutional adoption. The rapid growth of Evernorth’s reserves and its strategic partnerships has sparked renewed excitement across the XRP community, signaling what could be a pivotal shift in how institutions engage with the cryptocurrency. Evernorth Nears $1 Billion In XRP Holdings A new report from CryptoQuant has revealed....
Momentum around XRP picked up again this week after Ripple-backed Evernorth unveiled plans to go public via a SPAC and use the proceeds to build what it calls the world’s leading institutional XRP treasury. However, there have been questions as to how much of the altcoin is actually being purchased by the company. Evernorth’s upcoming […]
Evernorth, a company backed by players close to Ripple, said it will go public through a SPAC merger that aims to build a large, public XRP treasury. Based on reports and regulatory filings, the deal would list the new company on Nasdaq under the ticker XRPN and raise more than $1 billion in gross proceeds. […]
According to reports, Evernorth — a Ripple-backed treasury firm — has agreed to merge with Armada Acquisition Corp II and plans to list under the XRPN ticker. Related Reading: Forget Billions—XRP Could Hit Trillions, Leading Expert Says The SPAC deal aims to raise $1 billion to build what Evernorth calls a large XRP treasury. Ripple and co-founder Chris Larsen contributed XRP to the project. Nine days after the SPAC announcement, reports said Evernorth had already received $1 billion worth of XRP. The merger is targeted to close in Q1 2026. On Contributions & Cash Buying Because the early....
Shiba Inu bulls are back, with on-chain data indicating heavy accumulation among the meme coin’s investors. Specifically, a 512 billion SHIB transfer has drawn the attention of the crypto community, sparking bullish sentiments towards the meme coin, which has underperformed so far. Shiba Inu Bulls Spark SHIB Accumulation Theory With 512 Billion SHIB Transfer Etherscan […]