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Evernorth Holdings buys 84.4M XRP at $2.54 each, plans institutional use by late 2026

Market News
20 Oct 2026
Tokenpost
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Neutral
Evernorth Holdings buys 84.4M XRP at $2.54 each, plans institutional use by late 2026

Evernorth Holdings purchased 84.4 million XRP tokens at an average price of $2.54 each in late 2025, spending $214 million in cash. This purchase is part of a larger treasury of about 473 million XRP, some acquired through investor contributions. The company has recorded significant noncash impairment charges but has not sold tokens to cover these. Evernorth issued convertible notes in 2026 that may require cash or XRP sales depending on future conditions. The company plans to deploy part of its XRP holdings through institutional strategies starting in Q4 2026, partnering with Ripple, Kraken, Coinbase, and BitGo.

Evernorth's purchase of 84.4 million XRP tokens at $2.54 each provides context for readers following cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 20, 2026 23:21 WIB: out of 50 priced major cryptocurrencies, 42 rose and 7 fell today. Notable movers include SNX at Rp3.999 with a 1-day change of +3.39% and a typical hold time of 70 days, EGLD at Rp67.053 with a 1-day change of +3.23%, and ALGO at Rp2.024 with a 1-day change of +3.05%.

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