XRP treasury firm Evernorth discloses $233.7 million impairment on holdings in SPAC filing

The company reported a $233.7 million digital asset impairment for 2025, reflecting the gap between purchase prices and lower market values. What to know : Evernorth Holdings, a XRP treasury company, disclosed in a new S-4 filing that it and Pathfinder Digital Assets held 473.1 million XRP as of Dec. 31, 2025, with a significant portion acquired through open-market buying and contributions from Ripple. The company reported a $233.7 million digital asset impairment for 2025, reflecting the gap between purchase prices and lower market values. Evernorth plans to actively manage its XRP treasury, using Ripple's RLUSD stablecoin in decentralized finance activities, lending XRP, providing liquidity, and running options strategies to monetize its holdings.