Evernorth’s XRP Treasury Nears Nasdaq Debut with $75M in Unrealized Gains: What You Need to Know

• Why Is Evernorth’s XRP Treasury Making Headlines?
• How Does Evernorth Plan to Grow Its XRP Holdings?
• What’s the Bigger Vision Behind XRPN?
• Who Else Is Betting on XRP’s Rise?
• What’s Next for XRP in 2025?
• FAQs

Evernorth is gearing up to launch its Nasdaq-listed XRP treasury vehicle, XRPN, with a staggering $75 million in paper profits from its 388.7 million XRP holdings. Backed by heavyweights like Ripple, Pantera Capital, and Kraken, the company aims to redefine institutional crypto investment. CEO Asheesh Birla envisions a regulated, transparent gateway for XRP adoption, while traders like James Wynn bet big on its future. Here’s the full breakdown.

Why Is Evernorth’s XRP Treasury Making Headlines?

Evernorth’s upcoming Nasdaq listing under the ticker XRPN marks a watershed moment for XRP. The firm has amassed 388.7 million XRP at an average entry price of $2.44, now worth roughly $75 million more at current rates. This isn’t just another crypto fund—it’s a strategic play to bridge traditional finance and blockchain, with Ripple co-founder Chris Larsen and institutional giants like SBI and Arrington Capital in its corner. The timing? Perfect. With XRP’s regulatory clarity in the U.S., Birla sees 2025 as the year for mass adoption.

How Does Evernorth Plan to Grow Its XRP Holdings?

Birla isn’t just sitting on a pile of XRP. His plan? Reinvest 100% of treasury profits into buying more XRP, creating a self-sustaining cycle to boost shareholder value. “We’re building an institutional-grade model for XRP,” he told investors, comparing it to Ethereum’s ecosystem growth. The firm’s team blends crypto veterans with Wall Street risk managers—a rare combo aiming to make XRP as mainstream as ETFs. And yes, they’ve got the Nasdaq stamp of approval to prove it.

What’s the Bigger Vision Behind XRPN?

Forget “HODLing.” Evernorth’s twist is active accumulation. Birla calls it a “public XRP treasury with a difference,” targeting long-term holders and institutions wary of crypto’s volatility. The pitch? Simple: regulated exposure, liquidity, and a team that’s “been in the trenches of crypto and finance for years.” The firm’s merger with Armada Acquisition Corp II, announced last October, fast-tracked its IPO plans. Now, with XRP’s legal clouds cleared, Birla’s betting big on banks and funds jumping in.

Who Else Is Betting on XRP’s Rise?

Enter James Wynn, a hyper-liquid crypto trader pledging a “significant chunk” of his portfolio to XRP. His rationale? XRP could hit $500 per coin (yes, you read that right) as central banks use it to offset U.S. debt. “It’s a moonshot, but Ripple’s tech is the missing piece for global payments,” he admits. While skeptics scoff, Wynn’s bullishness mirrors growing institutional interest—like TDTH’s $500M XRP treasury plan or VivoPower’s $100M allocation. Even BTCC analysts note XRP’s trading volume spikes ahead of key listings.

What’s Next for XRP in 2025?

Evernorth’s launch coincides with a surge in regulated XRP products—treasury bills, custody solutions, you name it. Birla’s team is tight-lipped on specifics but hints at “on-chain innovation meets Wall Street discipline.” Meanwhile, CoinMarketCap data shows XRP’s price holding steady despite market swings, a sign of growing stability. One thing’s clear: with Nasdaq’s backing and whales like Wynn piling in, XRP’s “outsider” status might not last long.

FAQs

What is Evernorth’s XRP treasury?

Evernorth’s XRP treasury is a Nasdaq-listed vehicle (XRPN) holding 388.7 million XRP, designed to offer regulated exposure to the asset while actively growing its reserves.

How much profit has Evernorth made on XRP?

As of 2025, Evernorth’s XRP holdings show $75 million in unrealized gains, based on a $2.44 average buy price.

Who supports Evernorth’s XRP initiative?

Backers include Ripple, Pantera Capital, Kraken, and SBI, with Ripple co-founder Chris Larsen among key investors.

Why is James Wynn bullish on XRP?

Wynn believes XRP could reach $500 by transforming cross-border payments and helping central banks manage debt, though he calls it a high-risk bet.

Is XRP’s regulatory status secure?

Yes. The U.S. SEC’s 2023 clarity on XRP’s non-security status paved the way for products like Evernorth’s treasury.