StablecoinX Shares Surge 12% Following ENA Supply Disclosure
StablecoinX Inc. has seen its shares rise by over 12% after announcing it holds a 3-billion-token treasury of ENA, representing 20% of the total supply. This news came alongside the company's first quarterly results since its Nasdaq debut, valuing the ENA treasury at $218.4 million.
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This Public Company Quietly Controls 20% of Ethena’s ENA Supply
StablecoinX Inc. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply. The New York company disclosed the stake with results for the quarter ended June 30. StablecoinX started trading as USDE on June 26, one day after closing its merger with TLGY Acquisition […]
StablecoinX holds 20% of ENA supply as shares jump 12%
StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. StablecoinX values its ENA treasury at $218.4 million StablecoinX said in its Aug. 14 quarterly…
Ethena treasury company StablecoinX shares jump 12% after revealing 20% stake in ENA supply
StablecoinX shares surged after the Ethena treasury firm revealed it holds 20% of ENA’s total supply.