Evernorth Has Reached 95% Of Its XRP Treasury Target – Here Are The Numbers

Evernorth has emerged as the latest powerhouse in institutional crypto accumulation, closing in on its ambitious XRP treasury ￰0￱ just a few days, the firm has reached 95% of its accumulation target, marking a major milestone in XRP’s journey toward broader institutional ￰1￱ 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 ￰2￱ Nears $1 Billion In XRP Holdings A new report from CryptoQuant has revealed that Evernorth’s XRP holdings is now nearing the $1 billion funding milestone, positioning it among the top institutional holders of the ￰3￱ to JA Maartunn, a community analyst at CryptoQuant, Evernorth currently holds 388,710,606.03 XRP, reaching 95% of its $1 billion ￰4￱ Reading: Rumors Circulate That Ripple Is Buying $1 Billion Worth Of XRP — Here’s What We Know The company’s total XRP treasury is now valued at approximately $947,183,571, with unrealized profits of roughly $46 million generated in four ￰5￱ figure reflects an average purchase price of $2.44 per XRP, which Maartunn believes could become a defining price level for the cryptocurrency’s market trajectory.

Notably, Evernorth’s XRP treasury comes amid a broader trend of institutional diversification toward digital ￰6￱ this year, several major crypto treasury institutions—most notably Strategy, with its aggressive Bitcoin accumulation strategy, and The Ether Machine, with its dedicated focus on Ethereum—set the tone for large-scale crypto accumulation. Evernorth’s expanding holdings signal a decisive shift beyond BTC and ETH, underscoring a maturing institutional demand for alternative layer-1 ￰7￱ also suggests that XRP may become the next frontier for institutional treasuries seeking exposure to high-liquidity, regulated crypto assets. Evernorth’s XRP Growth Strategy Asheesh Birla, the CEO of Evernorth, introduced the treasury company last week, on October 20, through an X ￰8￱ described it as an institutional vehicle built to propel XRP’s global ￰9￱ announcement detailed the company’s plans to go public through a SPAC merger with Armada Acquisition Corp II (NASDAQ:AACI), targeting gross proceeds of more than $1 ￰10￱ Reading: XRP Price Teleport To $6: What Happens When The Euphoric Phase Begin Evernorth’s growth strategy includes acquiring XRP through innovative financial structures designed to maximize XRP per share and expanding internationally into key markets like Japan and South ￰11￱ company also plans to diversify its yield generation through risk-mitigated treasury ￰12￱ initiatives reflect a deliberate, structured approach toward building a long-term institutional presence around ￰13￱ CEO Brad Garlinghouse has also praised Birla’s initiative, noting Ripple’s partnership and investment alongside prominent firms such as SBI Holdings, Pantera Capital, Kraken, GSR, and ￰14￱ said that Evernorth’s participation in institutional lending, liquidity provision, and DeFi yield opportunities will be instrumental in expanding XRP’s utility.

Ripple’s CTO, David Schwartz, who joins Evernorth as a strategic advisor, echoed this sentiment, expressing enthusiasm for building scalable opportunities for XRP across DeFi and capital ￰15￱ image from Adobe Stock, chart from ￰16￱