Ripple, Larsen Seed Evernorth XRP Treasury With 261 Million XRP Ahead of Nasdaq Listing

• Evernorth’s XRP treasury accumulated 261.9M XRP ($639M value cited) from Ripple, Chris Larsen, others.
• This initial XRP transfer precedes a separate $1B cash fund planned for future XRP purchases.
• Evernorth targets a Q1 2026 Nasdaq listing (XRPN) via SPAC merger with Armada Acquisition Corp II.

Evernorth, a new XRP-focused treasury firm founded by former Ripple executive Asheesh Birla, has accumulated 261.9 million XRP as part of its ongoing effort to establish the world’s largest XRP treasury. 

Blockchain data from XRPScan shows that the tokens, valued at approximately $639 million, were deposited between Oct. 20 and 24 into an address activated by BitGo on Oct. 17.

Evernorth Secures 261M XRP from Ripple, Larsen in Initial Treasury Build

The origins of Evernorth’s current XRP stash reveal deep ties to the core Ripple ecosystem. Think of this as laying the …

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