$1 Billion in New Capital Could Soon Flow to XRP. Here's Why That's 1 More Reason to Buy It

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(CRYPTO: XRP), and if everything goes according to plan, sometime in the start of 2026, it'll make a $1 billion deposit. Evernorth, a Ripple-backed XRP digital asset treasury (DAT) company, plans to go public via a merger and raise more than $1 billion just to accumulate XRP on the open market. This would make it the largest dedicated XRP treasurer on the market and be a major catalyst for the coin. The deal is scheduled to close in the first quarter of 2026, with purchases starting shortly thereafter.This new development is one more reason to buy some XRP for yourself. Let's investigate why that's the case.Evernorth buying up a lot of XRP is highly bullish, assuming it happens after it goes public via its proposed merger with a special purpose acquisition company (SPAC). To understand the effect that its purchasing could have if the merger goes through, it helps to consider XRP's recent markers.For reference, XRP itself has a market cap of just over $159 billion. Its price is at $2.66 per coin, and there are roughly 60 billion XRP currently in circulation. So if a new digital asset treasury business like Evernorth buys $1 billion of XRP in that price zone, it can absorb on the order of 375 million XRP, or roughly 0.6% of the circulating supply. Therefore, the purchase is a fairly significant portion of the supply, and, given that Evernorth has committed to making its investment on the open market rather than via an over-the-counter (OTC) deal, it'll definitely have a positive effect on price.Importantly, this buyer would join a growing set of slow-moving holders in financial institutions and other DATs, which are traditionally hesitant to offload assets once their capital is committed. What's more, there are currently spot XRP exchange-traded funds (ETFs) being considered for approval by the Securities and Exchange Commission (SEC), which if greenlit could create additional long-horizon demand from asset issuers that must source coins. As these new groups of big buyers constrain XRP's float even further, the coin's supply picture will become more difficult for the buyers that follow, potentially on a permanent basis.In other words, the price of XRP will probably be going up.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,851.28 +11.08 (+0.16%)Dow 3047,328.40 -234.47 (-0.49%)Nasdaq23,827.33 +102.38 (+0.43%)Russell 20002,467.39 -11.99 (-0.48%)VIX17.26 -0.18 (-1.03%)Gold4,023.00 +26.50 (+0.66%)PortfolioSign in to access your portfolioSign inTop gainersCIFR Cipher Mining Inc. 22.96 +4.31 (+23.08%)AMKR Amkor Technology, Inc. 37.66 +5.38 (+16.66%)IDXX IDEXX Laboratories, Inc. 716.65 +87.14 (+13.84%)KVUE Kenvue Inc. 16.30 +1.93 (+13.40%)IREN IREN Limited 68.24 +7.49 (+12.33%)Top losersQURE uniQure N.V. 33.63 -34.06 (-50.32%)RGC Regencell Bioscience Holdings Limited 14.30 -2.35 (-14.11%)KMB Kimberly-Clark Corporation 102.51 -17.20 (-14.37%)UUUU Energy Fuels Inc. 17.53 -2.98 (-14.53%)CDE Coeur Mining, Inc. 14.99 -2.19 (-12.73%)Most activeKVUE Kenvue Inc. 16.30 +1.93 (+13.40%)NVDA NVIDIA Corporation 206.67 +4.18 (+2.06%)CIFR Cipher Mining Inc. 22.96 +4.31 (+23.08%)BITF Bitfarms Ltd. 4.1150 +0.1450 (+3.66%)PFE Pfizer Inc. 24.66 +0.01 (+0.02%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 106,815.66 -3,197.95 (-2.91%)KMB Kimberly-Clark Corporation 102.48 -17.23 (-14.39%)IREN IREN Limited 68.03 +7.28 (+11.98%)PLTR Palantir Technologies Inc. 206.79 +6.32 (+3.15%)KVUE Kenvue Inc. 16.29 +1.91 (+13.33%)Top economic events