Digital Asset Management Company Evernorth Holdings Becomes One of the Largest XRP Whales! Here Are the Details

Evernorth Holdings, a new digital asset management company backed by Ripple, has attracted market attention by accumulating over $1 billion in XRP in a short time. Ripple-Backed Evernorth's XRP Assets Surpass $1 Billion According to CryptoQuant data, the company holds approximately 389 million XRP ￰0￱ the XRP price trading around $2.6, Evernorth's total assets exceed $1 ￰1￱ announced last week that it plans to go public through a SPAC merger with Armada Acquisition Corp ￰2￱ company reportedly aims to raise over $1 billion in capital to create a large-scale treasury of ￰3￱ analyst JA Maartun reported that as of October 27, Evernorth had invested approximately $947 million and currently has over $50 million in unrealized ￰4￱ company's CEO, Asheesh Birla, is known as one of Ripple's senior executives and played a key role in developing the company's international payment ￰5￱ was announced that Ripple CEO Brad Garlinghouse, chief legal officer Stuart Alderoty, and chief technology officer David Schwartz will also join Evernorth as strategic ￰6￱ addition to Evernorth, another XRP treasury initiative backed by Ripple Labs is reportedly in the ￰7￱ new project will be backed by Ripple's own XRP reserves, aiming to raise at least $1 billion and grow the XRP ecosystem. *This is not investment ￰8￱ Reading: Digital Asset Management Company Evernorth Holdings Becomes One of the Largest XRP Whales!

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