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

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Francisco Rodrigues , AI Boost | Edited by Stephen Alpher Mar 19, 2026, 12:46 p.m. Make us preferred on Google (Yashowardhan Singh/Unsplash) 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. Evernorth Holdings, an XRP treasury company going public through a SPAC merger , disclosed in a new S-4 filing that it and Pathfinder Digital Assets held about 473.1 million XRP as of the end of last year. The document also gives investors a clearer look at how that position was built. Evernorth said it used $214.1 million in cash to acquire 84.4 million XRP, which works out to about $2.54 per token for that portion of the treasury. XRP is currently trading at $1.45, or down about 35% from the average purchase price. The filing also points to a $233.7 million digital asset impairment for 2025 under U.S. accounting rules, reflecting the gap between purchase prices and lower market values at the reporting date. The filing also shows the treasury did not come only from open-market buying. Ripple, a major player in the XRP ecosystem, contributed 126.8 million XRP to Pathfinder under a contribution agreement. The sponsor separately contributed 211.3 million XRP through a Series C subscription tied to the broader deal, the filing shows. Evernorth says it wants to actively manage its treasury rather than simply holding XRP and waiting for the token to rise. The S-4 says the company plans to use Ripple’s RLUSD stablecoin in XRP-based decentralized finance activity, including RLUSD/XRP liquidity pools. It also expects to lend XRP, provide automated market-maker liquidity, and run options strategies, such as covered calls and cash-secured puts, to further monetize the company’s treasury. XRP News Ripple Altcoins AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Crypto.com cuts 12% of staff as it integrates AI across the business for efficiency By Olivier Acuna | Edited by Omkar Godbole 1 hour ago The exchange laid off about 180 employees as it restructures and rolls out enterprise-wide AI to drive efficiencies. What to know : Crypto.com has laid off about 12% of its roughly 1,500-person workforce, or around 180 employees, as it restructures and doubles down on artificial intelligence to boost efficiency. Chief executive Kris Marszalek has warned that companies that fail to rapidly integrate AI into their operations will be "left behind," following the firm's $70 million purchase of the ai.com domain and broader industry spending on AI. The cuts mark the latest in a series of workforce reductions at Crypto.com and come amid similar AI-linked layoffs across the tech and crypto sectors, even as the exchange secures conditional U.S. approval to launch a federally regulated crypto trust bank. Read full story Latest Crypto News Coinbase faces a multibillion-dollar threat from D.C. but a 'rewards' loophole could protect its stablecoin revenue 47 minutes ago Bitcoin’s biggest DeFi drawback under attack as OpNet unlocks smart contracts on mainnet 47 minutes ago Crypto.com cuts 12% of staff as it integrates AI across the business for efficiency 1 hour ago Capital is shifting into digital dollars as bitcoin wilts 1 hour ago Venus’ XVS token plunges 9% as exploit leaves protocol with bad debt 1 hour ago Bitcoin slips below $70,000 as oil surge, Fed pause weigh on risk assets 2 hours ago Top Stories SEC approves Nasdaq's move to support tokenized securities trading 16 hours ago Bitcoin OGs dump over $100 million in BTC after hawkish Fed dents rate cut hopes 5 hours ago Bitcoin, unusually, outperforms gold as hawkish Fed, oil price fuel risk-off sentiment 2 hours ago Forget market hours: Leading ETP firm just opened 24/7 liquidity for tokenized stocks, gold and money market funds 6 hours ago Sam Bankman-Fried's bankrupt exchange FTX set to repay creditors $2.2 billion this month 17 hours ago