after announcing a $360 million financing to launch the ENA Treasury Strategy in July this year, stablecoin issuer StablecoinX Assets announced that it has reached a final business merger agreement with special purpose acquisition company TLGY Acquisition Corp. and obtained an additional $530 million PIPE financing to support its newly established ENA reserves. The investors in the latest financing include YZi Labs, Brevan Howard, Susquehanna Crypto, and IMC Trading, as well as Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana, and Haun Ventures. It is reported that after the financing transaction with a total size of $890 million is completed, StablecoinX will continue to acquire ENA tokens, with the total holding expected to exceed 3 billion tokens.
