Evernorth Holdings aims to raise about $132.2 million by allowing holders to exercise public warrants to buy shares at $11.50 each. The funds will be used primarily to purchase additional XRP tokens, expanding its crypto treasury. This move follows prior capital raises totaling $224.55 million in cash and significant XRP contributions from Ripple and other investors. The company also plans to deploy XRP in institutional investment strategies and native lending markets, signaling growth in its XRP ecosystem involvement. Warrant exercises will increase share count, potentially diluting existing shareholders but boosting capital for XRP acquisitions.
Evernorth Holdings' planned $132.2 million funding round to expand its XRP holdings provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 22, 2026 06:03 WIB: out of 50 priced major cryptocurrencies, 32 rose and 16 fell. Notable movers include EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, BAT (Basic Attention Token) down 6.79% at Rp3.269 with 57% sell order activity, and VET (VeChain) up 6.58% at Rp138 with 80% buy order activity and a typical hold time of 148 days.
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