Ripple’s Corporate Army Grows: XRP Treasury Adoption Quietly Challenges Ethereum’s Throne

Forget what you heard about Ethereum's dominance—the corporate treasury landscape is shifting beneath our feet.

The Silent Accumulation

Major corporations are quietly stacking XRP in their treasuries at a pace that would make traditional finance executives blush. While Ethereum grabs headlines, Ripple's enterprise adoption strategy is playing the long game—and winning.

Numbers Don't Lie

The data reveals more companies holding XRP in their corporate treasuries than most analysts estimated. This isn't speculative retail money—this is cold, calculated corporate positioning from institutions that actually understand blockchain utility.

Enterprise Adoption vs. Hype Cycles

While Ethereum developers debate token standards, Ripple's solving real-world payment problems for actual businesses. The corporate treasury trend suggests institutions prefer working technology over theoretical upgrades.

Market Implications

This quiet accumulation could trigger the next major market rotation. When corporate treasuries start moving, they move markets—not with tweets, but with actual settlement volume.

Of course, Wall Street will probably notice this trend about six months late—right after they finish explaining why they missed Bitcoin's last rally.

11 XRP Treasury Companies Now In Existence 

Crypto researcher BD revealed in an X post that there are currently 11 XRP treasury companies.  Evernorth is on course to be the largest public XRP holder with its proposed $1 billion raise. The company is backed by Ripple, which contributed some of its XRP holdings to establish the treasury. 

Meanwhile, BD mentioned the other XRP treasury companies and how many coins they hold or plan to buy. Trident is the second-largest XRP treasury company, with $500 million in assets. Webus’s treasury is worth $300 million, while VivoPower has purchased $121 million of XRP and plans to stake some of them in Flare for yield. 

Wellgistics has the fifth-largest XRP treasury, having deployed $50 million to purchase XRP, while Hyperscale has $10 million in XRP reserves. Everything Blockchain also deployed $10 million for its XRP treasury and plans to stake it in Flare for yields. Japanese company Gumi has also revealed plans to deploy $17 million to buy, with these purchases expected to take place between now and February next year. 

Gumi also recently revealed that it is investing $5 million in Evernorth’s PIPE, contributing to the Ripple-backed company’s proposed $1 billion raise. Notably, the company ranks sixth among XRP treasury companies by the amount it plans to deploy to buy XRP. Worksport, BC Bud, and Digital Comm are the remaining XRP treasury companies, holding $5 million, $250,000, and $225,000, respectively.

Ripple Still Behind Ethereum In Terms Of XRP Treasury Companies

Despite Ripple’s efforts, it is worth mentioning that the number of XRP treasury companies is still below the number of Ethereum treasury companies. Strategic ETH Reserve data shows that there are currently 69 ETH treasury companies, way ahead of the 11 XRP treasury companies that currently exist. These Ethereum treasury companies hold a combined total of $22.99 billion in ETH, which represents almost 5% of the altcoin’s total supply. 

Meanwhile, the XRP treasury companies BD listed hold just about $2 billion in XRP, including Evernorth, which has declared its intention to purchase XRP. Regardless, this marks a positive for XRP, as these treasury companies could trigger a supply shock for the altcoin as they accumulate more coins. Other XRP treasury companies are also expected to emerge, which could spark a significant rally for the XRP price. 

At the time of writing, the xrp price is trading at around $2.39, down in the last 24 hours, according to data from CoinMarketCap.