Evernorth Holdings holds 389 million XRP, approaching 95% of its target
On October 27, according to data disclosed by Cryptoquant, Evernorth Holdings has accumulated a total of 388,710,606.03 XRP (approximately $994 million), becoming one of the major institutional investors in XRP. The company, supported by Ripple, plans to go public through a SPAC merger with Armada Acquisition Corp II (NASDAQ: AACI), aiming to raise over $1 billion to expand its XRP reserves. Currently, Evernorth has invested $947 million to build its reserves, achieving about $46 million in unrealized gains within just four days. The average purchase price of its XRP holdings is around $2.44.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian-listed company Universal Digital plans to raise $50 million to increase its holdings of Bitcoin.
Monad: MON airdrop allocation results are now available for inquiry
Paypal extends its rally, gains widen to 11%
OpenAI completes restructuring, Microsoft becomes major shareholder with 27% stake
Trending news
MoreCrypto prices
More
