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

SmartContractAuditor · 2026-03-20T13:15:50+00:00

Evernorth Holdings disclosed a digital asset impairment of approximately $233.7 million in 2025, primarily due to differences between purchase costs and market prices. The company plans to actively manage its XRP reserves and introduce the RLUSD stablecoin to participate in decentralized finance transactions to enhance asset returns.

SmartContractAuditor

2026-03-20 13:15:50

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Odaily Planet Daily reports that Ripple-supported XRP treasury company Evernorth Holdings disclosed in its S-4 filing related to its SPAC listing that it expects a digital asset impairment of approximately $233.7 million in 2025, 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 together hold about 473.1 million XRP, with the company having purchased 84.4 million XRP for about $214.1 million at an average cost of approximately $2.54 per XRP, while 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. It plans to introduce RLUSD stablecoin to participate in decentralized finance transactions within the XRP ecosystem, 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. (CoinDesk)

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