XRP Treasury Firm Evernorth Sits on $380 Million Loss as Price Struggles
Beincrypto writes Evernorth Holdings, one of the world’s largest XRP holders, currently holds 473,276,430 XRP (about 0.473% of circulating supply), with that position valued at roughly $684.7 million and unrealized losses now exceeding $380 million as XRP trades below $1.50.
The company made two major purchases in October and November last year and has not added to its position since, while CryptoQuant data shows unrealized losses have risen steadily. The wider digital asset treasury (DAT) sector is also under pressure, with BeInCrypto reporting large unrealized losses at other firms, and observers say falling altcoin prices are tightening corporate finances and could make raising capital harder.