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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.

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theblock.coStai leggendo21 h fa

Ethena treasury company StablecoinX shares jump 12% after revealing 20% stake in ENA supply

StablecoinX (ticker USDE) listed on Nasdaq with 20% stake in Ethena's ENA token (~3B supply, $250M value). Market consolidation of yield-bearing stablecoin infrastructure signals institutional acceptance of crypto-native treasury management for large capital pools.

originale

cryptobriefing.com22 h fa

StablecoinX holds 3 billion ENA tokens, roughly 20% of total supply

StablecoinX holds 3B ENA (20% supply) via June 2026 SPAC merger, largest single holder outside protocol treasuries. Institutional DeFi access without custody, but token concentration ties governance decisions to one foundation—watch for coordination risks.

Timeline cronologica

venerdì 14 agosto 2026·cryptobriefing.com
StablecoinX holds 3 billion ENA tokens, roughly 20% of total supply
StablecoinX holds 3.029 billion ENA tokens, about 20% of total supply, after closing a SPAC merger and listing on Nasdaq under ticker USDE.
venerdì 14 agosto 2026·theblock.co
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.