Evernorth Discloses $233.7 Million Impairment on XRP Holdings Last Year, Plans to Boost Returns via DeFi Strategy

Odaily News: Evernorth Holdings, an XRP treasury company backed by Ripple, disclosed in its SPAC-related S-4 filing that its digital assets incurred an impairment of approximately $233.7 million in 2025, primarily due to the difference between the purchase cost and the market price during the reporting period. The filing shows that as of the end of 2025, Evernorth and Pathfinder Digital Assets collectively held about 473.1 million XRP. The company purchased 84.4 million XRP for approximately $214.1 million, with an average cost of about $2.54 per XRP. The current XRP price is around $1.45, representing a decline of roughly 35% from the cost basis.

Evernorth stated that it will actively manage its XRP reserves in the future rather than holding them passively. The plan includes introducing the RLUSD stablecoin to participate in decentralized finance (DeFi) activities within the XRP ecosystem, such as building an RLUSD/XRP liquidity pool. Additionally, the company aims to enhance asset returns through methods like lending XRP, providing AMM liquidity, and employing options strategies (such as covered calls and cash-secured puts). (CoinDesk)