Evernorth’s XRP Treasury Nears Nasdaq Debut with $75M in Unrealized Gains: A 2025 Milestone
- Why Is Evernorth’s XRP Treasury a Game-Changer?
- Who’s Backing Evernorth’s Nasdaq Ambitions?
- How Does Evernorth Plan to Reinvest Its XRP Profits?
- James Wynn’s $500 XRP Prediction: Realistic or Reckless?
- What Other XRP Treasury Plays Are Emerging?
- FAQ: Your XRP Treasury Questions Answered
Evernorth’s XRP treasury vehicle, set to list on Nasdaq under the ticker XRPN, is making waves with $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 exposure. Meanwhile, trader James Wynn’s bullish $500 XRP price prediction sparks debate. Here’s the full breakdown.
Why Is Evernorth’s XRP Treasury a Game-Changer?
Evernorth’s aggressive accumulation of 388.7 million XRP at an average entry price of $2.44 has already generated $75 million in unrealized profits, based on XRP’s current price of $2.61. CEO Asheesh Birla, a 12-year Ripple veteran, positions the Nasdaq listing as a bridge between traditional finance and crypto’s institutional future. "We’re not just holding XRP—we’re actively growing our treasury," Birla emphasized in a recent statement. The move comes as U.S. regulatory clarity around XRP fuels mainstream adoption.
Who’s Backing Evernorth’s Nasdaq Ambitions?
Power players like Ripple co-founder Chris Larsen, Pantera Capital, and Kraken have thrown their weight behind Evernorth’s SPAC merger with Armada Acquisition Corp II. Birla’s pitch? A regulated, liquid XRP investment vehicle that combines Ethereum’s institutional model with Ripple’s payment infrastructure. "This team has built at the intersection of crypto and Wall Street for years," he noted, name-dropping partners from SBI to Arrington Capital.
How Does Evernorth Plan to Reinvest Its XRP Profits?
In a bold strategy, Evernorth vows to plow 100% of treasury income back into XRP acquisitions—a MOVE Birla claims will "compound shareholder value." The company’s roadmap includes developing XRP-based financial products, with Birla hinting at derivatives and yield-bearing instruments. "Think of us as a digital asset ETF with teeth," he quipped during a late-night Twitter Spaces session.
James Wynn’s $500 XRP Prediction: Realistic or Reckless?
Hyperliquid trader James Wynn stole headlines by allocating a "significant portion" of his portfolio to XRP, predicting a moonshot to $500 per token. His rationale? Central banks could use XRP to offset the $38 trillion U.S. debt burden. "Ripple’s infrastructure will be the plumbing for global finance," Wynn declared, though he admitted the bet remains "high-risk." Critics dismissed the target as fantasy—CoinMarketCap data shows XRP WOULD need a $26 trillion market cap to hit $500.
What Other XRP Treasury Plays Are Emerging?
Evernorth isn’t alone. Trident Digital Tech Holdings ($500M allocation), Webus International ($300M), and VivoPower ($100M) are launching similar products. Wellgistics Health even earmarked $50M for XRP-powered cross-border payments. "The institutional dam is breaking," observed a BTCC analyst, pointing to TradingView charts showing XRP’s 90-day volume surge.
FAQ: Your XRP Treasury Questions Answered
When will Evernorth’s XRPN start trading?
The Nasdaq listing is expected Q4 2025 following the SPAC merger’s completion.
How does Evernorth’s model differ from Grayscale’s?
Unlike passive trusts, Evernorth actively trades its XRP holdings and reinvests profits.
Is XRP’s regulatory status truly resolved?
While the SEC lawsuit’s key rulings favored Ripple, some regulatory gray areas remain.
