Evernorth Holdings Inc. has made a significant strategic purchase of 84,365,876.3625 XRP at an average price of $2.53657058 per token, totaling approximately $214 million. This acquisition increases Evernorth's total XRP holdings to over 473,276,430 tokens, reinforcing its commitment to XRP as a core institutional asset.
The transaction was funded through a private placement, and it aligns with Evernorth's broader mission to drive institutional adoption of XRP in global financial markets. In a related development, SBI Holdings invested $200 million in a Private Investment in Public Equity (PIPE) round, supporting Evernorth's pending business combination with Armada Acquisition Corp. II. This merger is expected to lead to Evernorth's public listing on Nasdaq under the ticker symbol "XRPN", with anticipated total funding exceeding $1 billion.
Evernorth's accumulation strategy underscores growing institutional confidence in XRP's utility for cross-border liquidity and financial infrastructure. The company is actively developing systems to integrate XRP into institutional frameworks, aiming to enhance market stability and create new revenue opportunities.
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