How Many XRP Tokens Does Evernorth Have in Reserves?
Evernorth holds more than 473 million XRP in treasury reserves, valued at approximately $656 million, as the Ripple-backed company moves closer to a planned Nasdaq listing under the ticker XRPN. The company is its public market plans through a merger with Armada Acquisition Corp II, a special purpose acquisition company sponsored by Arrington Capital. Evernorth filed a second amendment to its Form S-4 registration statement with the SEC in May 2026, adding new board appointments and further details on its XRP-focused treasury model. Led by CEO Asheesh Birla, a longtime Ripple executive, as an active digital asset treasury company. Its business model centers on holding XRP as a core balance sheet asset while using lending protocols, decentralized finance tools and other market strategies to generate yield. The planned listing would give public market investors exposure to an XRP treasury company through traditional brokerage platforms. Once listed, XRPN shares are expected to be available through platforms such as Robinhood and E*Trade. Evernorth Holds Over 473 Million XRP includes more than 473 million XRP, making the company one of the largest known institutional holders focused on the token. Based on the reported valuation of about $656 million, XRP forms the central asset behind the companys planned public