Evernorth, which aims to become the largest company with a treasury of $XRP, has accumulated over 473 million $XRP, representing more than 0.5% of the total coin supply. This amount is now held in the company's treasury, positioning it as one of the largest known corporate holdings in this digital asset.

Evernorth is creating significant reserves, while market sentiment remains uncertain, indicating a sign of institutional trust in $XRP, especially during periods of price volatility. The company is preparing to go public with a listing on Nasdaq under the ticker "XRPN": On April 7, 2026, Evernorth filed an amendment to SEC Form S-4.

Evernorth is already being called an analog of Strategy for $XRP, which has led to comparisons with companies known for holding large reserves of digital assets as part of their corporate strategy.