As an important participant in the well-known stablecoin project, StablecoinX Inc. recently announced a significant initiative to further advance its ENA token accumulation strategy. The company has raised an additional $530 million, bringing its total PIPE financing to approximately $895 million. This move is expected to result in StablecoinX holding over 3 billion ENA tokens on its balance sheet, demonstrating the company's strong confidence in the project.
This scale expansion not only enhances StablecoinX's institutional channels and investor network but also creates favorable conditions for the company to attract top talent. Similar to previous financing arrangements, the newly raised funds will be used to purchase tokens from a subsidiary of the Ethena Foundation, further consolidating the strategic partnership between both parties.
The Ethena Foundation's subsidiary plans to launch a buyback program of approximately $310 million through third-party market makers in the next 6 to 8 weeks. This initiative aims to strengthen the alignment of interests between the foundation and StablecoinX shareholders, while also reflecting the project's confidence in the long-term value of the ENA Token.
It is worth noting that, based on current market prices, the buyback plan for this PIPE transaction, combined with the liquidity contributions from third-party investors, accounts for approximately 13% of the circulating supply. This figure represents a further increase from the approximately 7.3% circulating token supply obtained over the past 6 weeks.
The series of initiatives by StablecoinX highlights its long-term financial strategy. The company aims to achieve compounded growth in ENA per share while capturing the immense value brought by the surge in demand for digital dollars through this well-considered multi-year capital allocation plan, ultimately benefiting all shareholders.
However, how the market reacts to this move, how the price of the ENA token will fluctuate, and whether this large-scale accumulation strategy can bring the expected long-term benefits to StablecoinX remain to be seen. As the digital currency market continues to evolve, this bold move by StablecoinX will undoubtedly become a focal point of industry attention.
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NFTArchaeologis
· 15h ago
The blockchain algorithm is like the Dunhuang murals, enduring the cycles of time while retaining its true charm.
View OriginalReply0
OnChainDetective
· 09-06 03:51
hmm... 13% supply accumulation in <2mo? typical pre-dump pattern tbh
Reply0
consensus_whisperer
· 09-06 03:51
Institutions love buybacks, retail investors love buy the dip.
View OriginalReply0
RiddleMaster
· 09-06 03:51
This wave of air is for Large Investors to breathe.
As an important participant in the well-known stablecoin project, StablecoinX Inc. recently announced a significant initiative to further advance its ENA token accumulation strategy. The company has raised an additional $530 million, bringing its total PIPE financing to approximately $895 million. This move is expected to result in StablecoinX holding over 3 billion ENA tokens on its balance sheet, demonstrating the company's strong confidence in the project.
This scale expansion not only enhances StablecoinX's institutional channels and investor network but also creates favorable conditions for the company to attract top talent. Similar to previous financing arrangements, the newly raised funds will be used to purchase tokens from a subsidiary of the Ethena Foundation, further consolidating the strategic partnership between both parties.
The Ethena Foundation's subsidiary plans to launch a buyback program of approximately $310 million through third-party market makers in the next 6 to 8 weeks. This initiative aims to strengthen the alignment of interests between the foundation and StablecoinX shareholders, while also reflecting the project's confidence in the long-term value of the ENA Token.
It is worth noting that, based on current market prices, the buyback plan for this PIPE transaction, combined with the liquidity contributions from third-party investors, accounts for approximately 13% of the circulating supply. This figure represents a further increase from the approximately 7.3% circulating token supply obtained over the past 6 weeks.
The series of initiatives by StablecoinX highlights its long-term financial strategy. The company aims to achieve compounded growth in ENA per share while capturing the immense value brought by the surge in demand for digital dollars through this well-considered multi-year capital allocation plan, ultimately benefiting all shareholders.
However, how the market reacts to this move, how the price of the ENA token will fluctuate, and whether this large-scale accumulation strategy can bring the expected long-term benefits to StablecoinX remain to be seen. As the digital currency market continues to evolve, this bold move by StablecoinX will undoubtedly become a focal point of industry attention.