Blank Check Company TLGY Surges After Raising $360 Million for Altcoin Treasury

Blank Check Company TLGY Surges After Raising $360 Million for Altcoin Treasury

A blank check company, TLGY Acquisition Corp. announced that it is merging with a smaller firm in order to buy and hold an alternative cryptocurrency known as ENA, the latest company to follow the crypto treasury playbook created by Michael Saylor.

StablecoinX to Go Public With TLGY, Builds $360M ENA Reserve

The post StablecoinX to Go Public With TLGY, Builds $360M ENA Reserve appeared on BitcoinEthereumNews.com. StablecoinX merges with TLGY, securing $360M ENA reserve for growth. Five-year renewable deal expands Ethena’s stablecoin reach and power. Ethena Foundation grows ENA supply, eyes stablecoin market leadership soon. StablecoinX, a new company within the Ethena ecosystem, is ready to go public. The firm has announced a merger with TLGY Acquis…

Nano Labs Expands to 120,000 BNB in Strategic Reserve Plan

Nano Labs has grown its BNB reserve to 120,000 tokens, now worth close to $90 million. The firm plans to hold up to 10% of BNB’s supply through steady purchases and deals. The firm purchased 45,684 BNB OTC at an average price of $764 per token, boosting its holdings. Nano Labs Ltd. has confirmed the expansion of its cryptocurrency reserve to approximately 120,000.00 BNB, valued at about $90 million. The acquisition marks a significant milestone …

StablecoinX Pursues $360M Purchase of ENA Tokens - Blockchain & Cryptocurrencies Tabloid

StablecoinX plans $360M ENA token buy, aiming treasury growth; backed by major crypto investors. The post StablecoinX Pursues $360M Purchase of ENA Tokens appeared first on Blockchain & Cryptocurrencies Tabloid.

Stablecoin Treasury Firm Goes Public via $360M SPAC Deal - USA Herald

StablecoinX Inc., a pioneering company providing investors exposure to the Ethena protocol’s stable-value token ENA, announced today its plan to go public on Nasdaq through a special purpose acquisition company (SPAC) merger with TLGY Acquisition Corp. The transaction will raise $360 million to build a robust treasury of ENA stablecoins, marking a significant milestone in the growing trend of crypto-focused treasury strategies. Under the definit…

Ethena Launches $260M ENA Buyback Through New Treasury Arm

The initiative is part of a broader $360 million capital raise aimed at consolidating ENA as a long-term strategic asset. Of the total funds, $260 million will be deployed over six weeks via daily purchases of roughly $5 million from the open market—equivalent to about 8% of ENA’s circulating supply. An additional $60 million in locked ENA will be allocated to StablecoinX, while $40 million is earmarked for operational expenses. .dark-mode .rea…