Evernorth’s XRP Treasury Nears Nasdaq Debut with $75M in Unrealized Gains – Here’s What You Need to Know
- Why Is Evernorth’s XRP Treasury Making Headlines?
- Who’s Backing This Nasdaq Venture?
- How Does Evernorth Plan to Grow Its XRP Holdings?
- What’s Behind the $500 XRP Price Prediction?
- When Will Institutional XRP Demand Materialize?
- FAQ: Your XRP Treasury Questions Answered
Evernorth is gearing up to launch its Nasdaq-listed XRP financial instrument, boasting an impressive $75 million in unrealized gains from its 388.7 million XRP holdings. Backed by heavyweights like Ripple and Pantera Capital, the company aims to redefine institutional crypto access while actively growing its XRP treasury. Meanwhile, crypto trader James Wynn’s bullish $500 XRP price prediction sparks debate. Dive into the details below.
Why Is Evernorth’s XRP Treasury Making Headlines?
Evernorth’s upcoming Nasdaq listing (ticker: XRPN) marks a watershed moment for XRP adoption. The firm has amassed 388.7 million XRP at an average entry price of $2.44, now worth $2.61 per token – translating to $75 million in paper profits. CEO Asheesh Birla positions this as more than just a crypto play: "We’re building a public XRP treasury with a twist," he told investors last week. The twist? Reinvesting all proceeds into additional XRP to compound shareholder value.
Who’s Backing This Nasdaq Venture?
The project reads like a who’s who of crypto finance: Ripple co-founder Chris Larsen, Pantera Capital, SBI Holdings, and BTCC (formerly Kraken) are among key investors. This institutional stamp of approval comes as XRP gains regulatory clarity in the U.S. – a factor Birla calls "the green light we’ve waited for." Notably, the listing follows Evernorth’s merger with Armada Acquisition Corp II, a SPAC deal that fast-tracked its public market debut.
How Does Evernorth Plan to Grow Its XRP Holdings?
Unlike passive treasuries, Evernorth will actively deploy capital to expand its XRP position. "Every dollar earned goes back into XRP," Birla emphasized during a recent Bloomberg interview. The strategy mirrors bitcoin ETFs’ compounding effect but with on-chain utility – think yield generation through Ripple’s ODL (On-Demand Liquidity) network. TradingView charts show XRP’s 30-day volatility at 12%, making dollar-cost averaging crucial for large positions.
What’s Behind the $500 XRP Price Prediction?
Crypto trader James Wynn of Hyperliquid dropped jaws with his $500/XRP forecast, suggesting central banks could use it to collateralize $38 trillion in U.S. debt. While mathematically stretched (that’s a $25 trillion XRP market cap!), his argument taps into real trends: TDTH, Webus International, and VivoPower have collectively earmarked $900 million for XRP treasury buys. As CoinMarketCap data shows, XRP’s circulating supply could absorb this demand without major price dislocation.
When Will Institutional XRP Demand Materialize?
The timeline is clearer than skeptics think. Wellgistics Health already allocated $50 million for XRP supplier payments, while Evernorth’s Nasdaq debut creates a regulated gateway. "This isn’t 2017’s HYPE cycle," Birla cautioned. "Institutions want compliant vehicles – that’s our edge." With Ripple’s ongoing SEC case nearing resolution, 2025 could see XRP emerge as the "anti-fragile" asset in treasury portfolios.
FAQ: Your XRP Treasury Questions Answered
How does Evernorth’s XRP treasury differ from a Bitcoin ETF?
While Bitcoin ETFs passively hold assets, Evernorth actively manages and deploys XRP for yield generation through Ripple’s payment networks.
What’s the realistic upside for XRP’s price?
BTCC analysts suggest $10-15 is feasible if XRP captures 10% of cross-border settlement volume, though $500 scenarios require improbable monetary shifts.
Are other companies building XRP treasuries?
Yes – TDTH ($500M), Webus ($300M), and VivoPower ($100M) have announced allocations, creating a new institutional demand category.
