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

XRP news Daily Crypto News Capital Flow Token Events

2026-03-20 12:31:19

XRP-0.29%

Gate News, March 20 — Ripple-supported XRP treasury company Evernorth Holdings disclosed in its S-4 filing related to its SPAC listing that it expects approximately $237 million in digital asset impairments in 2025, mainly due to the difference between purchase costs and market prices 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 for approximately $214.1 million at an average cost of about $2.54 per token. 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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