A growing number of XRP supporters are drawing parallels between Evernorth and MicroStrategy’s impact on the crypto market. In a recent X post, popular market researcher @Ripple Bull Winkle described Evernorth as “MicroStrategy built for XRP from the ground up,” arguing that the project could fundamentally reshape how institutional investors gain exposure to XRP.
Evernorth’s model is more transparent than traditional crypto funds that rely on private deals or discounted token allocations. The company’s treasury arm plans to acquire XRP directly from public exchanges, thereby creating genuine market demand rather than relying on over-the-counter arrangements. As the analyst notes, this method effectively tightens XRP’s circulating supply—a critical factor when combined with the token’s fixed limit. Each market-rate purchase removes liquidity from retail circulation, amplifying the price impact of future institutional interest.
Beyond treasury management, Evernorth aims to build a full-fledged ecosystem around XRP, including liquidity pools, lending protocols, and yield programs to enhance on-chain activity. Increased transactional volume means stronger utility and a clearer reason for banks and financial institutions to hold XRP for settlements.
Once Evernorth goes public on the Nasdaq, it could open the floodgates for regulated Wall Street money to access XRP indirectly through equity exposure. To maintain its treasury balance, that influx of capital will likely flow back into XRP purchases, creating a self-reinforcing cycle of demand.
Evernorth’s Nasdaq debut stems from its merger with Armada Acquisition Corp II, a blank-check firm expected to raise over $1 billion in proceeds. Backed by Ripple and led by former Ripple executive Asheesh Birla, the new venture plans to become the largest publicly traded XRP treasury company.
Major investors, including SBI Holdings, Pantera Capital, and Kraken, are also involved in the deal, underscoring growing institutional confidence in XRP’s long-term potential.
https://zycrypto.com/ripple-backed-evernorth-could-mirror-microstrategys-bitcoin-strategy-for-massive-xrp-buys/
