Evernorth Holdings, a company with a substantial XRP treasury, has made its debut on the Nasdaq, marking a significant milestone for the cryptocurrency market. With holdings of 473 million XRP, Evernorth is now the largest publicly traded XRP treasury company. This development comes at a time when XRP has experienced a 28% decline in 2026, despite the introduction of new spot XRP ETFs last year.
The emergence of Evernorth is notable because it is a pure-play XRP treasury company, backed by Ripple, the entity behind the XRP token. Asheesh Birla, the CEO of Evernorth and a former senior executive at Ripple, brings a deep understanding of the utility of XRP to the company. This could potentially encourage investors to take notice and consider adding XRP to their portfolios.
However, the impact of Evernorth on XRP's price remains uncertain. The total circulating supply of XRP is 63 billion, making Evernorth's holdings relatively small in comparison. Additionally, spot XRP ETFs currently hold 1.2 billion XRP, more than twice the amount held by Evernorth, and have had little to no impact on XRP's price in 2026. Therefore, XRP may need another catalyst to see a significant price increase in 2027.
Investors considering stock in XRP should be aware that the Motley Fool Stock Advisor analyst team did not include XRP among their top 10 stock picks for the coming years. The team's recommendations have historically produced substantial returns, suggesting that other opportunities may be more promising.