TechFlow, October 27 — According to data disclosed by Cryptoquant, Evernorth Holdings has accumulated 388,710,606.03 XRP (approximately $994 million), making it one of the major institutional investors in XRP. Backed by Ripple, the company plans to go public via a SPAC merger with Armada Acquisition Corp II (Nasdaq: AACI), aiming to raise over $1 billion to expand its XRP reserves.
So far, Evernorth has invested $947 million to build its reserve, generating approximately $46 million in unrealized gains within just four days. The average purchase price for its XRP holdings is around $2.44.
Add to Favorites
Share to Social Media
