Evernorth's $1 Billion XRP Treasury Plan: Vet's In-Depth Analysis of Capital, Investors, and Corporate Governance. #Ripple Evernorth Holdings has filed Form S-4 with the U.S. Securities and Exchange Commission (SEC) to advance its XRP treasury plan. XRP dUNL validator Vet believes Evernorth is an XRP giant capable of converting XRP into yield-generating working capital. Vet points out a significant difference in entry prices among investors, with Arrington Capital paying $0.33 per share, while SBI paid $10 per share. This price gap may explain why Evernorth restricts voting rights for early, low-cost investors, while not restricting higher-cost participants like SBI.