Evernorth disclosed that its XRP reserves suffered a $233.7 million impairment loss last year and plans to improve yields through DeFi strategies.

Evernorth Holdings, the Ripple-backed XRP treasury company, disclosed in its S-4 filing related to its SPAC listing that it incurred an impairment loss of approximately $233.7 million on its digital assets 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 held approximately 473.1 million XRP, of which the company purchased 84.4 million XRP for approximately $214.1 million, at an average cost of approximately $2.54 per XRP. The current XRP price is approximately $1.45, representing a decline of approximately 35% from the cost. Evernorth stated that it will actively manage its XRP reserves rather than passively hold them, and plans to introduce the RLUSD stablecoin to participate in decentralized finance (DeFi) transactions within the XRP ecosystem. This includes building an RLUSD/XRP liquidity pool and enhancing asset returns through XRP lending, providing AMM liquidity, and option strategies (such as covered call and cash-backed put). (CoinDesk)