Ripple is currently on the heels of Ethereum as more XRP treasury companies emerge. This follows Evernorth’s announcement that it plans to raise over $1 billion, which it will use to buy XRP as its primary reserve asset.

11 XRP Treasury Companies Now In Existence

Crypto researcher BD revealed in an X post that there are currently 11 XRP treasury companies. Evernorth is on course to be the largest public XRP holder with its proposed $1 billion raise. The company is backed by Ripple, which contributed some of its XRP holdings to establish the treasury.

Meanwhile, BD mentioned the other XRP treasury companies and how many coins they hold or plan to buy. Trident is the second-largest XRP treasury company, with $500 million in assets. Webus’s treasury is worth $300 million

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