Arrington XRP Capital Fund discloses 19.9% voting stake in Evernorth as SEC approves warrant exercise for XRP purchases
Arrington XRP Capital Fund filed a Form 3 showing a 19.9% voting stake in Evernorth, while the SEC approved Evernorth's prospectus to issue up to 11.5 million shares from warrant exercises that could raise $132.2 million for XRP purchases.
Why it matters
The SEC's approval of Evernorth's warrant exercise prospectus provides a regulated mechanism for a Ripple-backed entity to raise capital specifically for XRP accumulation, while Arrington's disclosure reveals significant voting influence in the XRP treasury company. Uphold's listing expands retail access to XRP exposure through a public equity vehicle.
Where the sources disagree
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
size of the raise
$132.2 million
U.Today
$300 million
Bitcoin.com News
U.Today reports $132.2 million, Bitcoin.com News reports $300 million (56% apart).
Key facts
Arrington XRP Capital Fund reported 4,704,137 Class A shares of Evernorth in an October 19 SEC Form 3 filing
4,704,137 sharesReported by Bitcoin.com News
Arrington XRP Capital Fund holds 29,033,708 Class C shares of Evernorth convertible one-for-one into Class A shares
29,033,708 sharesReported by Bitcoin.com News
A Schedule 13G filed by Arrington XRP Capital Fund puts its stake at exactly 19.9% of Evernorth's 23,638,882 Class A shares outstanding as of October 9
19.9 %Reported by Bitcoin.com News
The SEC approved Evernorth's prospectus to issue up to 11,499,992 Class A shares upon cash exercise of public warrants at $11.50 per share
11,499,992 sharesReported by CoinGape
Ripple contributed 126,791,458 XRP to Evernorth's operating subsidiary
126,791,458 XRPReported by Bitcoin.com News
What happened
Arrington XRP Capital Fund disclosed a 19.9% voting stake in Nasdaq-listed Evernorth Holdings through an October 19 SEC Form 3 filing, reporting 4,704,137 Class A shares, 29,033,708 convertible Class C shares, and 84,653 warrants. Rippleworks holds voting control over 30.2 million shares under a 2025 agreement. Separately, the SEC declared effective Evernorth's prospectus allowing issuance of up to 11,499,992 Class A shares through public warrant exercises at $11.50 per share, which could generate approximately $132.2 million in proceeds. Evernorth stated it intends to use proceeds to purchase XRP through trading protocols designed to minimize slippage. The company previously raised $224.55 million in cash placements and received 126,791,458 XRP from Ripple. Uphold listed XRPN stock for eligible U.S. investors on October 20.
How the story developed
- Official statement
SEC declares Evernorth warrant exercise prospectus effective
Approves issuance of up to 11.5 million Class A shares at $11.50 per share
- Update
Uphold lists Evernorth XRPN stock
Eligible U.S. investors can trade XRPN through Uphold's equities service with fractional investments starting at $5
- First report
First report by Bitcoin.com News
Arrington’s XRP Fund Holds a $514M Evernorth Stake Ripple Can Steer
- Update
Bitcoin.com News reports Arrington stake details
Initial coverage of Form 3 and Schedule 13G filings
- Independent corroboration
Independently corroborated by CoinGape
XRP News: SEC Approves Ripple-Backed Evernorth to Raise Funds to Buy More XRP
- Update
CoinGape reports SEC approval and XRP price reaction
Notes XRP jumped more than 5% to $1.35
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 20 Oct 2026, 10:59 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
- 21 Oct 2026, 11:23 UTC: CoinGape — 2 independent sources, 2 reports
- 21 Oct 2026, 12:59 UTC: U.Today — 3 independent sources, 3 reports
Affected entities
Also mentioned: Kraken, Coinbase, Bitcoin, Solana, PayPal, Ethereum, Strategy (MicroStrategy)
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Arrington’s XRP Fund Holds a $514M Evernorth Stake Ripple Can Steer | Original | |
| Bitcoin.com News Company, official | Ripple-Backed Evernorth Eyes $132M Funding Amid XRP Buying Plans | Independent | |
| Bitcoin.com News Company, official | Uphold Lists Evernorth’s XRPN Stock, Expanding XRP Treasury Access | Independent | |
| CoinGape Crypto media | XRP News: SEC Approves Ripple-Backed Evernorth to Raise Funds to Buy More XRP | Independent | |
| U.Today Crypto media | XRP Treasury Wins Key SEC Approval to Raise New Capital: Main Crypto News This Morning | Syndicated |
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