TLGY and StablecoinX Secure $890 Million PIPE to Build ENA Treasury for Ethena Ecosystem

Jack DaviesSeptember 8, 2025No comment

posted on Sep. 08, 2025 at 11:45 am

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TLGY Acquisition Corp. and StablecoinX Assets Inc. announced an additional $530 million in PIPE financing, bringing total committed PIPE proceeds to $890 million in support of their proposed business combination and a multi‑year treasury strategy focused on accumulating ENA, the Ethena protocol’s native token. The financing—priced at $10 per share—includes participation from YZi Labs, Brevan […]

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