The crypto market<\/a> has just received a strong signal with the arrival of a major new institutional player. Evernorth Holdings, closely tied to Ripple, has filed an S-4 form with the SEC<\/strong> to finalize its merger with Armada Acquisition Corp. II. This operation aims for a Nasdaq<\/strong> listing under the ticker XRPN, with a clear ambition: to structure massive exposure to XRP<\/strong>.<\/p>\n\n\n\n With over one billion dollars committed by players like SBI Holdings, Pantera Capital and Kraken, Evernorth positions itself as a true institutional catalyst. The objective is simple yet powerful: accumulate XRP<\/strong> at scale and transform this exposure into a financial product accessible to traditional investors.<\/p>\n\n\n\n The company already holds a considerable advantage with 388 million tokens XRP<\/a> in reserve, acquired at an average price of $2.44. This strategy directly mirrors MicroStrategy’s<\/strong> approach with Bitcoin<\/strong>, creating a bridge between traditional financial markets and digital assets through a publicly traded stock.<\/p>\n\n\n\n