StablecoinX and TLGY reach a merger agreement and raise an additional US$530 million to support ENA's token treasury reserve "
Online reports that after announcing a $360 million financing in July this year to launch ENA's treasury strategy, stablecoin issuer StablecoinX Assets announced that it has reached a final business merger agreement with special purpose acquisition company TLGY Acquisition Corp. and received an additional $530 million in PIPE financing to support its newly established ENA reserves. The latest financing investors 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 completion of the financing transaction with a total scale of US$890 million, StablecinX will continue to acquire ENA tokens, and its total holdings are expected to exceed 3 billion.
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