Evernorth Files to Register 11.5M Shares for XRP Treasury Expansion
Evernorth Holdings plans to sell shares to increase its XRP holdings, potentially unlocking $132 million in capital.
Evernorth Holdings plans to sell shares to increase its XRP holdings, potentially unlocking $132 million in capital. XRP (XRP) is trading at $1.30. This is an original TLT brief synthesising 3 outlets (Blockonomi, CoinCodex, The Crypto Basic), plus live market data, as of Tue, 20 Oct 2026 13:15:02 UTC.
This development highlights Evernorth's strategic focus on expanding its XRP treasury, which could influence XRP demand and market dynamics. The move underscores the company's confidence in XRP's long-term value proposition.
- Evernorth filed to register 11.5M shares for public warrants priced at $11.50 each.
- The company aims to raise funds to purchase more XRP, adding to its 473M token treasury.
- Potential capital raise could reach $132M based on current share prices.
- XRP price remains stable at $1.3 despite broader market decline.
Blockonomi and CoinCodex both report that Evernorth Holdings has filed with the SEC to register 11.5 million shares linked to public warrants priced at $11.50 per share. They agree that this move is part of the company's strategy to raise capital for purchasing additional XRP, adding to its existing 473 million token treasury. However, CoinCodex specifies that the potential capital raise could unlock $132 million, a detail not explicitly mentioned in Blockonomi's coverage.
- Evernorth to Deploy $648M XRP Treasury with Major Crypto Partners
- Evernorth Files to Register 11.5M Shares for XRP Treasury Expansion — this brief
Evernorth Holdings, a company with significant ties to Ripple, has filed a prospectus with the SEC to register 11,499,992 Class A common shares. These shares are linked to public warrants with an exercise price of $11.50 per share.
As of October 16, the stock was listed at $15.45, suggesting a potential for substantial capital generation if the warrants are exercised. The company has indicated plans to use the raised funds to purchase more 
XRP, expanding its current treasury of 473 million tokens.
This strategic move by Evernorth is notable as it demonstrates a commitment to increasing its XRP holdings, which could have implications for the cryptocurrency's market dynamics. The company's actions suggest a belief in the long-term value of XRP.
In the broader market context, the total cryptocurrency market cap stands at $2.79 trillion, with 
Bitcoin experiencing a 1.01% decline over the past 24 hours. The overall market sentiment, as indicated by the Fear & Greed index, is at 55, indicating 'Greed.'
XRP's price remains relatively stable at $1.3, with a 0.49% decrease over the past 24 hours and a 4.61% decline over the past week. The market cap of XRP is $81.87 billion, reflecting its position as one of the leading cryptocurrencies.
Since this brief published about 3 hours ago, XRP (XRP) has moved from $1.30 to $1.30 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,777.06 (about $1.30), down 1.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Evernorth Files to Register 11.5M Shares for XRP Treasury Ex — questions & answers
What is Evernorth's plan for the raised funds?
Evernorth intends to use the raised funds to purchase additional XRP, adding to its existing 473 million token treasury.
How much XRP does Evernorth currently hold?
Evernorth's current XRP treasury consists of 473 million tokens.
What is the potential capital raise from the share registration?
The potential capital raise could reach $132 million based on the $11.50 warrant price and the 11.5 million shares registered.
How much is 1 XRP worth in naira today?
About ₦1,777.06 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.30. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, CoinCodex, The Crypto Basic, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.