Evernorth Holdings has accumulated 261 million XRP from major sources, including Ripple, Chris Larsen, and Uphold. Japan’s SBI Holdings invested $200 million in Evernorth’s Nasdaq-bound venture “XRPN.” The moves mark a major shift toward institutional adoption, positioning XRP as a regulated bridge asset through Evernorth’s treasury. Crypto investor Stern Drew has spotlighted a series of large XRP transfers into Evernorth Holdings, a Ripple-affiliated company focused on institutional adoption of XRP. According to Drew’s post titled “MASSIVE XRP ALERT,” Evernorth now holds 261 million XRP, with transaction trails linking back to several major players in the XRP ecosystem. Breakdown of the Legendary Transfers Drew detailed that the XRP inflows originated from multiple high-profile sources, including: Ripple: 211 million XRP + 319,000 XRP Chris Larsen (Ripple Co-founder): 50 million XRP Uphold Exchange: 199,000 XRP Jana Label (Tagged Wallet): 300,000 XRP All transfers were made in XRP, “no stablecoins, no fillers,” Drew emphasized, suggesting concentrated liquidity flowing into a single institutional entity. Also Read: 211,000,000 XRP Abrupt Move – Here’s its Destination MASSIVE XRP ALERT Evernorth now holds 261 MILLION XRP — and the trail of senders is nothing short of legendary. Ripple: 2 transfers — 211M + 319K XRP Chris Larsen: 50M XRP Uphold Exchange: 199K XRP Jana Label : 300K XRP That’s ALL in XRP, no stablecoins, no… pic.twitter.com/cQPfLogPmE — Stern Drew (@SternDrewCrypto) October 24, 2025 SBI Holdings Commits $200 Million to Evernorth Adding to the momentum, Japanese financial conglomerate SBI Holdings, Inc., announced a $200 million investment in Evernorth as part of a Private Investment in Public Equity (PIPE) financing round. The funding, conducted in collaboration with Ripple Labs Inc., is among SBI’s largest commitments to advancing the global use of XRP. Evernorth is preparing for a Nasdaq listing under the ticker “XRPN” through a merger with Armada Acquisition Corp. II, a U.S.-based SPAC. The company expects to raise over $1 billion in total capital from the transaction. Institutional Adoption and Market Impact Evernorth’s growing XRP treasury, coupled with SBI’s backing, is being interpreted as a major step toward institutional-grade integration of XRP. The funds raised will reportedly be used to purchase XRP from the open market and establish a large, transparent treasury to engage in DeFi lending, staking, and liquidity provisioning. Market observers suggest that these developments reinforce XRP’s evolving role as a bridge asset in regulated financial systems, signaling a shift from speculative trading toward institutional-grade utility and infrastructure. As Drew summarized, “Pure liquidity is flowing into one entity.” With Evernorth’s capital infusion and SBI’s strategic support, XRP’s institutional narrative appears stronger than ever. Also Read: Ripple to White House: New Trump List Excites XRP Army The post Massive XRP Alert: Here’s How Much XRP Evernorth Has Accumulated appeared first on 36Crypto. Evernorth Holdings has accumulated 261 million XRP from major sources, including Ripple, Chris Larsen, and Uphold. Japan’s SBI Holdings invested $200 million in Evernorth’s Nasdaq-bound venture “XRPN.” The moves mark a major shift toward institutional adoption, positioning XRP as a regulated bridge asset through Evernorth’s treasury. Crypto investor Stern Drew has spotlighted a series of large XRP transfers into Evernorth Holdings, a Ripple-affiliated company focused on institutional adoption of XRP. According to Drew’s post titled “MASSIVE XRP ALERT,” Evernorth now holds 261 million XRP, with transaction trails linking back to several major players in the XRP ecosystem. Breakdown of the Legendary Transfers Drew detailed that the XRP inflows originated from multiple high-profile sources, including: Ripple: 211 million XRP + 319,000 XRP Chris Larsen (Ripple Co-founder): 50 million XRP Uphold Exchange: 199,000 XRP Jana Label (Tagged Wallet): 300,000 XRP All transfers were made in XRP, “no stablecoins, no fillers,” Drew emphasized, suggesting concentrated liquidity flowing into a single institutional entity. Also Read: 211,000,000 XRP Abrupt Move – Here’s its Destination MASSIVE XRP ALERT Evernorth now holds 261 MILLION XRP — and the trail of senders is nothing short of legendary. Ripple: 2 transfers — 211M + 319K XRP Chris Larsen: 50M XRP Uphold Exchange: 199K XRP Jana Label : 300K XRP That’s ALL in XRP, no stablecoins, no… pic.twitter.com/cQPfLogPmE — Stern Drew (@SternDrewCrypto) October 24, 2025 SBI Holdings Commits $200 Million to Evernorth Adding to the momentum, Japanese financial conglomerate SBI Holdings, Inc., announced a $200 million investment in Evernorth as part of a Private Investment in Public Equity (PIPE) financing round. The funding, conducted in collaboration with Ripple Labs Inc., is among SBI’s largest commitments to advancing the global use of XRP. Evernorth is preparing for a Nasdaq listing under the ticker “XRPN” through a merger with Armada Acquisition Corp. II, a U.S.-based SPAC. The company expects to raise over $1 billion in total capital from the transaction. Institutional Adoption and Market Impact Evernorth’s growing XRP treasury, coupled with SBI’s backing, is being interpreted as a major step toward institutional-grade integration of XRP. The funds raised will reportedly be used to purchase XRP from the open market and establish a large, transparent treasury to engage in DeFi lending, staking, and liquidity provisioning. Market observers suggest that these developments reinforce XRP’s evolving role as a bridge asset in regulated financial systems, signaling a shift from speculative trading toward institutional-grade utility and infrastructure. As Drew summarized, “Pure liquidity is flowing into one entity.” With Evernorth’s capital infusion and SBI’s strategic support, XRP’s institutional narrative appears stronger than ever. Also Read: Ripple to White House: New Trump List Excites XRP Army The post Massive XRP Alert: Here’s How Much XRP Evernorth Has Accumulated appeared first on 36Crypto.