Investors received a detailed look at Evernorth XRP exposure as the company outlined how its large token position was assembled and how it plans to deploy it. Evernorth Holdings, a specialist XRP treasury company, revealed in a new S-4 filing that it and Pathfinder Digital Assets held 473.1 million XRP as of Dec. 31, 2025. However, the disclosure shows that a substantial share of this stash came from both open-market purchases and direct contributions from Ripple.