Ripple Hands Over $305 Million in XRP for Share Exchange in Evernorth Deal

Recent SEC filings reveal Ripple will exchange 126,791,458 XRP tokens, worth approximately $305 million today, for company shares as part of its investment in the Evernorth–Armada Acquisition Corp. II merger. This move by Ripple is part of a strategy to leverage XRP for strategic partnerships and equity exchanges. )