October 29, 2025 | 22:33Evernorth is rapidly approaching its ambitious $1 billion XRP treasury target, having accumulated 95% of its goal in just days. This massive institutional accumulation signals a potential turning point for XRP’s adoption beyond Bitcoin and Ethereum. The company’s strategic approach and high-profile partnerships are generating significant excitement in the crypto community.
read morePantera Capital
2 posts last week
Evernorth’s $1B XRP Purchase Signals Institutional Crypto Shift
In a stunning display of institutional conviction, newly-formed treasury company Evernorth has acquired nearly $1 billion worth of XRP in its first week of operation, generating approximately $75 million in unrealized gains and signaling Wall Street’s accelerating pivot toward the once-controversial digital asset. The company’s aggressive accumulation strategy, which has already completed 95% of its $1 billion purchase target, represents one of the largest institutional entries into the XRP market and has contributed to the token’s recent 6% price surge to $2.64.
read moreSolana Firm Expands $396M Treasury with New Validators
Solana Company has deepened its blockchain commitment by adding institutional validators Twinstake and Helius to manage its $396 million SOL treasury. The Nasdaq-listed firm continues its transformation from medical devices to a Solana-focused investment vehicle despite a 96% stock decline this year. Executive Chairman Joseph Chee stated the company is ‘leaning into market pressure’ with its regulated staking strategy.
read moreEvernorth Raises $1B for Institutional XRP Treasury
Evernorth Holdings has launched through a landmark SPAC merger with Armada Acquisition Corp II, creating a regulated bridge for institutional XRP exposure. The company plans to raise over $1 billion from major investors including SBI, Ripple Labs, and Pantera Capital to establish a massive XRP treasury while pursuing active yield generation strategies. This represents a significant evolution in bringing cryptocurrency to traditional financial markets through Nasdaq listing.
read moreSolana Company Shares Plunge 22% After $500M Raise Resale
Solana Company (NASDAQ: HSDT) shares plummeted 22% on Monday as private investors gained immediate resale rights following the company’s $500 million funding round. The dramatic sell-off, which has wiped out approximately 60% of the company’s value over the past week, tests confidence in HSDT’s pivot to a Solana-based digital asset treasury model despite leadership’s claims that the timing demonstrates strategic conviction.
read moreEvernorth to Build $1B XRP Treasury via SPAC Merger
Evernorth Holdings is poised to become one of the first public companies to anchor its balance sheet significantly in XRP through a landmark SPAC merger with Nasdaq-listed Armada Acquisition Corp. II. The transaction, expected to generate over $1 billion in gross proceeds including a $200 million anchor investment from Japan’s SBI Holdings, signals a major milestone in institutional adoption of digital assets as corporate treasury instruments. With backing from industry heavyweights including Ripple, Pantera Capital, Kraken, and GSR, Evernorth aims to capitalize on growing institutional demand for publicly-traded digital asset firms while building one of the world’s largest XRP treasuries through open-market purchases.
read moreEvernorth Launches $1B XRP Treasury via SPAC Deal
Evernorth is launching as a publicly traded digital asset treasury focused on accumulating XRP through a $1 billion SPAC merger with Armada Acquisition Corp II. Backed by Ripple executives and major crypto firms, the company aims to build the largest publicly traded XRP reserve while generating returns through traditional and decentralized finance strategies, marking a significant institutional move into the XRP ecosystem.
read moreSolana Revenue Hits $2.85B, Surpassing Ethereum’s Early Growth
Solana has dramatically outpaced Ethereum’s early growth trajectory, generating $2.85 billion in revenue between October 2024 and September 2025 according to a 21Shares report. The blockchain’s diversified ecosystem and high-throughput architecture have transformed it into a commercially viable platform rivaling established Web 2 companies, representing a staggering 220x increase from just two years ago and demonstrating sustainable growth beyond mere speculation.
read moreBitcoin Life Insurer Meanwhile Raises $82M for BTC Insurance
Meanwhile, the world’s first Bitcoin-denominated life insurer, has secured $82 million in new funding to expand its inflation-resistant insurance products. The round was co-led by prominent crypto investors Haun Ventures and Bain Capital Crypto, signaling growing institutional acceptance of Bitcoin-based financial services.
read morePublic Firms Amass Billions in Solana Treasury Holdings
Publicly traded companies are aggressively diversifying their digital asset treasuries beyond Bitcoin and Ethereum, with Solana emerging as a major institutional favorite. Leading firms have collectively accumulated over $3.4 billion worth of SOL tokens, signaling a significant shift in corporate treasury strategies toward alternative crypto assets. This movement represents a calculated move down the risk curve, with companies leveraging sophisticated financing methods and deep ecosystem integration to build substantial Solana positions.
read more