XRP treasury firm Evernorth Holdings falls to new low

Dextape brief

By Dextape Desk · November 3, 2026

Evernorth Holdings, an XRP treasury firm with Ripple Labs, Arrington XRP Capital and SBI Holdings among its shareholders, closed at a record low of $11.70 the prior evening. That figure is 44% below the $21 peak reached on October 9 and 78% under a pre-merger $53 high listed on the company's investor relations page. Ripple co-founder Chris Larsen has exposure through his controlling role at Ripple Labs and a family trust. The shares have since recovered slightly and mostly trade above $12, and the firm reportedly holds about 473 million XRP. On October 26 Evernorth disclosed a stock purchase agreement with CF Principal Investments LLC covering up to 5,218,935 Class A shares, which could bring in roughly $80 million. The company said proceeds would support XRP purchases and product development in the XRP ecosystem.

Why it matters: It shows how sharply the shares of an XRP-focused treasury vehicle have fallen since its merger, highlighting the ties between the firm and Ripple-connected investors.

Mentioned: XRP

Summary by Dextape, based on reporting by Protos. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.