Evernorth Holdings falls to record low as XRP treasury firm loses 44% from first-day high
Evernorth closes at $11.70 record low
Evernorth Holdings, a company that holds XRP, reached a record low close of $11.70 yesterday evening. The price recovered a little today and was mostly trading above $12.
Key numbers behind the drop
- The close was down 44% from its first-day high of $21 on October 9.
- It was down 78% from a pre-merger peak of $53 listed on the Evernorth Investor Relations page.
- The firm holds approximately 473 million XRP.
- Its merger became effective before the October 9 first-day high.
What Evernorth announced on October 26
Evernorth announced it had entered a common stock purchase agreement with CF Principal Investments LLC. The agreement sets up a committed equity facility for up to 5,218,935 shares of Class A Common Stock.
The firm said that, assuming the closing stock price of XRPN on October 22, 2026, a fully executed facility would generate aggregate gross proceeds of approximately $80 million. If used, the facility is intended to support the acquisition of XRP and product development in the XRP ecosystem.
Shareholders and people linked to Evernorth
Shareholders include Ripple Labs, Arrington XRP Capital, and SBI Holdings. Ripple co-founder Chris Larsen is exposed to Evernorth through his controlling shareholder role at Ripple Labs and his Larsen Lam Children’s Remainder Trust.
RippleWorks, a nonprofit cofounded by Larsen, is the majority owner of the Arrington XRP Capital Fund.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.