Evernorth Holdings, associated with Ripple, entered into an equity purchase agreement with CF Principal Investments, an affiliate of Cantor Fitzgerald, on October 23. The agreement plans for the sale of up to 5.22 million newly issued Class A common shares over approximately 14 months, expected to raise about $80 million. Evernorth intends to use the majority of these funds to increase its XRP holdings, with the remainder allocated to working capital, corporate expenses, and XRP ecosystem activities. This move aims to emulate Saylor's Strategy of issuing stock to expand Bitcoin holdings. Additionally, Evernorth has registered a potential offering of nearly 11.5 million Class A shares, which could raise an additional approximately $132.2 million if fully exercised.