Evernorth has revealed a $233.7 million impairment in its digital asset holdings, according to a recent S-4 filing. According to NS3.AI, this impairment is associated with its XRP treasury and an anticipated SPAC merger. At the end of last year, Evernorth, along with Pathfinder Digital Assets, held approximately 473.1 million XRP. This included 84.4 million XRP acquired with $214.1 million in cash, at an average price of about $2.54 per token. The filing indicates that Evernorth intends to actively manage its treasury through various strategies, including lending, automated market-maker liquidity, options strategies, and RLUSD/XRP DeFi activities.