According to the source, Evernorth is raising more than $1 billion specifically to buy XRP, with backing from Ripple and support from the firm's executives; source: the source post. According to the source, the capital is earmarked for XRP accumulation, a trading-relevant signal for potential buy-side flow and liquidity considerations; source: the source post.

According to @WatcherGuru, Ripple plans to raise at least $1 billion to purchase XRP, as stated in an X post dated Oct 17, 2025, with no additional documentation cited (source: Watcher.Guru on X, Oct 17, 2025). The post does not specify timing, funding structure, or execution venue for the XRP purchases, which limits immediate position sizing and risk management decisions; traders may monitor XRP spot order books, liquidity depth, and derivatives metrics for confirmation once official details emerge (source: Watcher.Guru on X, Oct 17, 2025).