Evernorth Discloses XRP Reserves Depreciated by $233.7 Million Last Year, Plans to Boost Returns Through DeFi Strategy

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Mars Finance reports that XRP treasury company Evernorth Holdings disclosed a digital asset impairment of approximately $237 million in its S-4 filing related to its SPAC listing, mainly due to the difference between purchase cost and market price during the reporting period. The document shows that by the end of 2025, Evernorth and Pathfinder Digital Assets will hold about 473.1 million XRP, with the company having purchased 84.4 million XRP at approximately $214.1 million, with an average cost of about $2.54 per XRP. The current XRP price is around $1.45, down about 35% from the cost. Evernorth stated that it will actively manage its XRP reserves in the future rather than hold passively, planning to introduce RLUSD stablecoin to participate in XRP ecosystem decentralized finance trading, including building RLUSD/XRP liquidity pools, and enhancing asset returns through lending XRP, providing AMM liquidity, and options strategies such as covered calls and cash-secured puts.

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