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Evernorth expands XRP treasury beyond $1 billion, plans active deployment with major partners.

Market News
20 Oct 2026
Dailycoin
View Source
Bullish
Evernorth expands XRP treasury beyond $1 billion, plans active deployment with major partners.

Evernorth, a Nasdaq-listed company holding about 473 million XRP valued around $615 million, has expanded its XRP treasury to over $1 billion by registering 11.5 million new Class A shares. The company plans to actively deploy part of its XRP holdings starting in Q4 2026 through partnerships with Ripple, Kraken, Coinbase, and BitGo. This move aims to grow XRP per share over time rather than immediate returns, with longer-term interest in on-chain lending once network capabilities mature. Evernorth's strategy marks a significant test of managing a large public XRP reserve under market scrutiny.

XRP trades at Rp23.880 on Pluang as of Oct 20, 2026 23:32 WIB, showing a 1.82% gain in one day. The market cap stands at Rp1.491,29T with a 24-hour volume of Rp29,33T. Buy orders dominate at 60%, and typical holders keep XRP for about 72 days, highlighting steady investor interest amid Evernorth's strategic moves.

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