Evernorth Seeks $132M to Expand XRP Holdings Amid Market Optimism
The Ripple-backed firm plans to raise up to $132.2 million to purchase more XRP, aiming to capitalize on the recent market uptrend.
The Ripple-backed firm plans to raise up to $132.2 million to purchase more XRP, aiming to capitalize on the recent market uptrend. XRP (XRP) is trading at $1.36. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Thu, 22 Oct 2026 01:15:02 UTC.
This development highlights growing institutional interest in XRP and could signal increased demand for the cryptocurrency, potentially impacting its price and market perception.
- Evernorth aims to raise up to $132.2M for XRP purchases.
- The firm has existing warrants that could provide the funding.
- XRP price is up 2.30% in the last 24 hours.
- Market cap of XRP stands at $86.13 billion.
- Evernorth Boosts XRP Holdings to Exceed $1 Billion
- Evernorth Seeks $132M to Expand XRP Holdings Amid Market Optimism — this brief
Evernorth, a Ripple-backed firm, is planning to raise up to $132.2 million through existing warrants to purchase additional 
XRP, according to its latest prospectus. This move is part of a broader financing strategy aimed at expanding the company's treasury, which has been bolstered by cash investments and token contributions.
The fundraising comes at a time when the broader cryptocurrency market is showing signs of optimism, with the total market cap reaching $2.88 trillion and 
Bitcoin up 1.48% in the last 24 hours. The Fear & Greed index stands at 68, indicating a 'Greed' sentiment among investors.
XRP, the cryptocurrency at the center of this development, has seen a 2.30% increase in its price over the past day, currently trading at $1.36. Its market cap now stands at $86.13 billion, reflecting the potential impact of Evernorth's plans on the token's market position.
CryptoNews adds that Ripple has been supportive of the SEC's crypto rules, which could be a factor in Evernorth's strategic moves. Additionally, the debut of Evernorth on Nasdaq could further boost institutional interest in XRP.
The on-chain data from DeFiLlama verifies a circulating supply of $127.74 million in cash for Evernorth, providing a foundation for the firm's ambitious funding goals.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.36 to $1.36 — +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 ≈ ₦1,856.4 (about $1.36), up 2.2% over 24 hours. The naira itself trades about 2.3% 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 22, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Evernorth Seeks $132M to Expand XRP Holdings Amid Market Opt — questions & answers
What is Evernorth's funding target?
Evernorth aims to raise up to $132.2 million through existing warrants.
Why is Evernorth raising funds?
The funds will be used to purchase additional XRP as part of the firm's financing strategy.
How has the XRP price reacted?
XRP's price has increased by 2.30% in the last 24 hours.
How much is 1 XRP worth in naira today?
About ₦1,856.4 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.36. 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 Bitcoin.com. 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.