EVERNORTH XRP YIELD INTO MORE $XRP Evernorth ( $XRPN ) reported holding about 473 million XRP when its merger closed on Oct 9th, 2026. Roughly 18% of those tokens came from one purchase. Evernorth used about $214 million in investor cash to buy 84.37 million XRP in 2025. The company plans to earn income on part of that treasury and use the proceeds to buy more XRP. Its prospectus describes several ways it could earn that income. 🔹 Institutional lending brings in interest. Evernorth takes on the risk that a borrower fails to repay. 🔹 Covered calls bring in cash upfront. In exchange, Evernorth gives up some of the upside on those holdings if XRP rallies past a set price. 🔹 Basis trades aim to earn from the gap between XRP’s spot and futures prices. Funding and trading costs can eat into the return. 🔹 Liquidity pools can earn trading fees. Evernorth plans to provide liquidity to pools pairing XRP with Ripple’s $RLUSD stablecoin on the #XRPL. Price swings can leave a pool position worth less than holding the 2 assets separately. Evernorth says its yield strategies and #DeFi activity began after the merger. The same prospectus says all of its XRP was in cold storage as of Oct 30th. It gives no figures for how much XRP was deployed or what it earned after costs. Evernorth and Doppler Finance announced exploratory work in January. The filing leaves any deployment through Doppler unconfirmed. Using yield proceeds to buy more XRP would add buying demand. Evernorth can also fund XRP purchases by selling shares under its agreement with Cantor. That route can raise XRP per share when the cash raised buys more XRP per new share than Evernorth already holds per share. I’ll watch for 2 numbers alongside XRP per share. How much did Evernorth earn after costs? How much additional XRP did it buy with those earnings?