Evernorth Holdings, an XRP digital asset treasury firm whose shareholders include Ripple Labs, Arrington XRP Capital, and SBI Holdings, closed at a record low of $11.70 yesterday evening. This represents a 44% drop from its first-day high of $21 on October 9, and an even more extreme 78% decline from its pre-merger peak of $53. The firm holds approximately 473 million XRP. On October 26, Evernorth announced a common stock purchase agreement with CF Principal Investments LLC, which could generate approximately $80 million to support XRP acquisition and product development.