Is Ripple About To Overtake Ethereum? There Are More XRP Treasury Companies Than You Think

bitcoinistPublished on 2025-10-23Last updated on 2025-10-23

Abstract

Ripple is currently on the heels of Ethereum as more XRP treasury companies emerge. This follows Evernorth’s announcement that it...

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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. 

Related Reading: Rumors Circulate That Ripple Is Buying $1 Billion Worth Of XRP — Here’s What We Know

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, while VivoPower has purchased $121 million of XRP and plans to stake some of them in Flare for yield. 

Wellgistics has the fifth-largest XRP treasury, having deployed $50 million to purchase XRP, while Hyperscale has $10 million in XRP reserves. Everything Blockchain also deployed $10 million for its XRP treasury and plans to stake it in Flare for yields. Japanese company Gumi has also revealed plans to deploy $17 million to buy, with these purchases expected to take place between now and February next year. 

Gumi also recently revealed that it is investing $5 million in Evernorth’s PIPE, contributing to the Ripple-backed company’s proposed $1 billion raise. Notably, the company ranks sixth among XRP treasury companies by the amount it plans to deploy to buy XRP. Worksport, BC Bud, and Digital Comm are the remaining XRP treasury companies, holding $5 million, $250,000, and $225,000, respectively.

Ripple Still Behind Ethereum In Terms Of XRP Treasury Companies

Despite Ripple’s efforts, it is worth mentioning that the number of XRP treasury companies is still below the number of Ethereum treasury companies. Strategic ETH Reserve data shows that there are currently 69 ETH treasury companies, way ahead of the 11 XRP treasury companies that currently exist. These Ethereum treasury companies hold a combined total of $22.99 billion in ETH, which represents almost 5% of the altcoin’s total supply. 

Related Reading: Is BlackRock About To Go Public With Ripple And XRP? Here’s What We Know

Meanwhile, the XRP treasury companies BD listed hold just about $2 billion in XRP, including Evernorth, which has declared its intention to purchase XRP. Regardless, this marks a positive for XRP, as these treasury companies could trigger a supply shock for the altcoin as they accumulate more coins. Other XRP treasury companies are also expected to emerge, which could spark a significant rally for the XRP price. 

At the time of writing, the XRP price is trading at around $2.39, down in the last 24 hours, according to data from CoinMarketCap.

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XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com
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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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What is XRP 2.0

XRP 2.0: A New Frontier in the Cryptocurrency Landscape Introduction to XRP 2.0 In the ever-evolving realm of cryptocurrency, new projects continuously emerge, vying for attention and adoption. One such promising initiative is XRP 2.0, a novel cryptocurrency project designed to leverage advanced blockchain technology and robust encryption methodologies. While the name draws parallels with Ripple’s XRP, it’s crucial to note that XRP 2.0 operates independently, focusing on enhancing transaction security, privacy, and scalability. As the digital financial landscape increasingly embraces decentralized solutions, XRP 2.0 aims to contribute meaningfully to web3 and the overall expansion of crypto projects. What is XRP 2.0? At its core, XRP 2.0 is a cryptocurrency project that aims to create a secure and decentralized digital currency ecosystem. Its foundational technology integrates sophisticated blockchain principles with cutting-edge encryption techniques. The overarching goal of XRP 2.0 is to establish itself as a reliable and efficient platform enabling swift transaction execution while prioritizing enhanced privacy protections for its users. The project is promoted as a solution to many limitations faced by existing cryptocurrencies, proposing a system that can handle a higher volume of transactions with improved speed and privacy. This versatility positions XRP 2.0 as a significant contender in a marketplace riddled with various digital currencies. Who is the Creator of XRP 2.0? The identity of the creator behind XRP 2.0 has been flagged as ‘Wilbur.’ However, comprehensive details regarding Wilbur or their associated entity remain elusive. The anonymity of many cryptocurrency creators is not an uncommon phenomenon in the industry, often designed to maintain a degree of privacy and security. Who are the Investors of XRP 2.0? As of now, specific information related to the investment foundations or organizations supporting XRP 2.0 is not publicly available. In the cryptocurrency sector, the backing by reputed investors can significantly influence a project's credibility and success, yet the transparency regarding the financial supporters of XRP 2.0 has not been established. How Does XRP 2.0 Work? XRP 2.0 stands out by employing a combination of blockchain technology and advanced encryption algorithms that ensures secure and decentralized transactions. Its innovative structure includes unique features designed to foster user engagement and broaden functionalities beyond conventional cryptocurrency transactions. Among these features, XRP 2.0 incorporates AI-powered capabilities, such as text-to-image and text-to-speech functionalities. These additions are designed to enhance the interactive experience for users, promoting broader applicability across various sectors. By bridging technological advancements with user-centered design, XRP 2.0 aims to capture the attention of a diverse range of individuals and enterprises looking to integrate cryptocurrency solutions into their operational frameworks. Timeline of XRP 2.0 Understanding XRP 2.0 requires examining the milestones that have defined its journey thus far: July 23, 2023: XRP 2.0 is introduced as a novel cryptocurrency project, aiming to revolutionize secure and decentralized transaction capabilities in the blockchain domain. September 8, 2023: The launching of another project, XRP20, occurs, marking the emergence of an ERC-20 token on the Ethereum blockchain that remains unrelated to XRP 2.0. November 13, 2023: The XRP Ledger undergoes a significant update with the release of rippled server software version 2.0.0. It is essential to note that this development is disconnected from the XRP 2.0 cryptocurrency project. 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By integrating sophisticated technologies and user-friendly features, the project sets out to broaden the horizons of what cryptocurrency can achieve in today's digital economy. While the anonymity of its creator and lack of disclosed investors might raise questions for some, XRP 2.0's focus on advanced functionalities and decentralisation enhances its appeal amidst an increasingly crowded crypto market. As the cryptocurrency landscape continues to evolve, XRP 2.0 may yet emerge as a pivotal player in the expansion of secure and scalable blockchain solutions.

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What is XRP 2.0

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