Evernorth Holdings Inc. has made another significant move in the XRP market, adding to its rapidly growing digital asset portfolio. The Nevada-based corporation revealed that it purchased an additional 84,365,876.3625 XRP at an average price of $2.53657058 per token.
The $214 million purchase highlights Evernorth’s ongoing accumulation strategy and signals its deepening commitment to XRP’s long-term value. The transaction was funded from the proceeds of a previously announced advanced funding private placement.
With this acquisition, Evernorth’s total XRP purchased and committed has now surpassed 473,276,430 tokens. The latest buy underscores the company’s broader mission to position XRP as a key institutional asset and build a treasury capable of delivering sustainable yield over time.
According to the company, this strategic move supports its long-term vision of driving institutional adoption of XRP across global financial markets. Evernorth continues to identify XRP as a central asset for future financial infrastructure and as a reliable tool for cross-border liquidity solutions.
Evernorth’s Expanding XRP Strategy Gains Momentum
Following its recently announced business combination with Armada Acquisition Corp. II, Evernorth’s acquisition marks another step toward establishing itself as a leading force in institutional-grade crypto investments. The company has consistently emphasized XRP’s role as a high-utility digital asset capable of supporting large-scale financial applications.
Besides expanding its holdings, Evernorth is actively developing systems to integrate XRP into institutional frameworks. These initiatives are designed to enhance liquidity, strengthen market stability, and create new revenue opportunities for corporate investors engaging with digital assets.
SBI Holdings Joins With $200 Million PIPE Investment
In a related development, SBI Holdings disclosed that it has invested $200 million in cash as part of a Private Investment in Public Equity round conducted by Evernorth. The funding is tied to Evernorth’s pending business combination with Armada Acquisition Corp. II, a special purpose acquisition company. The deal is expected to pave the way for Evernorth’s public listing on the Nasdaq exchange under the ticker symbol “XRPN.”
Through this transaction, Evernorth anticipates raising over $1 billion in total funding, further strengthening its capital base and supporting its institutional XRP strategy. The SBI investment highlights growing confidence from major financial players in Evernorth’s business model and its focus on XRP-driven innovation.
Market Confidence and Institutional Influence Grow
Moreover, the firm’s sustained accumulation sends a clear signal of confidence to the market. Its continued focus on XRP demonstrates belief in the token’s long-term resilience and real-world utility. By steadily building its position, Evernorth is positioning itself to play a key role in shaping the next phase of institutional participation in the XRP ecosystem.
The company’s $214 million purchase not only reinforces its faith in XRP’s potential but also highlights the growing trend of corporations integrating digital assets into their financial strategies. Evernorth’s total holdings, now exceeding 473 million XRP, reflect both ambition and conviction in the evolving digital asset landscape.