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Evernorth Holdings closes at record low $11.70 after merger
Evernorth Holdings, a XRP treasury firm, closed at a record low of $11.70, down 44% from its first-day high. The company holds 473 million XRP.
03/11/2026 18:435 min read
The XRP digital asset treasury firm Evernorth Holdings, backed by shareholders Ripple Labs, Arrington XRP Capital and SBI Holdings, closed at a record low of $11.70 yesterday evening since its merger took effect.
That marks a 44% drop from its opening-day peak of $21 on October 9.
The fall is even steeper at 78% from the pre-merger $53 peak recorded on the Evernorth investor relations page.
Chris Larsen, a Ripple co-founder, has exposure to Evernorth Holdings via his controlling stake in Ripple Labs and through the Larsen Lam Children’s Remainder Trust. RippleWorks, a nonprofit Larsen co-founded, owns the majority of the Arrington XRP Capital Fund.
On Thursday, the price has edged up from Wednesday's close, hovering mostly above $12.
Evernorth holds about 473 million XRP.
On October 26, the company announced it “had entered into a common stock purchase agreement with CF Principal Investments LLC to establish a committed equity facility for up to 5,218,935 Shares of Class A Common Stock.”
It added, “Assuming the closing stock price of XRPN on October 22, 2026, if fully executed the facility would generate aggregate gross proceeds of approximately $80 million.”
If drawn down, the facility is meant to support “the acquisition of XRP and product development in the XRP ecosystem.”
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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