Evernorth's ambitious strategy to establish one of the largest XRP treasuries has backfired, leading to significant unrealized losses amid changing market dynamics. According to the official information, the firm's aggressive accumulation of XRP during a bullish phase has now resulted in a precarious financial position.
Evernorth's Acquisition of XRP
Between late October and late December 2025, Evernorth acquired approximately 3.887 million XRP, capitalizing on a strong upward trend in the cryptocurrency market. However, the recent downturn in XRP's price, which plummeted from around $2.60 to approximately $1.80, has severely impacted the firm's treasury valuation.
Impact on Treasury Valuation
As a result, Evernorth's treasury position has fallen below its aggregate cost basis, incurring a paper loss estimated between $220 million and $225 million. This situation serves as a stark reminder of the inherent risks associated with concentrated investments in highly volatile assets. It highlights the importance of risk management in cryptocurrency trading.
In contrast to Evernorth's struggles with its XRP treasury, the cryptocurrency market is currently experiencing a significant decline in open interest for Ripple's XRP. This shift in trader behavior is noteworthy; read more.
