StablecoinX revealed holding about 20% of the total supply of ENA, with a current value of over $250 million

On 14 August, the ENA Treasury Company StablecoinX (USDE) announced its first quarterly performance after listing, and as of the end of the second quarter of 2026, the company held approximately 3 billion ENAs, or about 20 per cent of the total supply of ENAs. At current prices, the value exceeds $250 million; at the end of the quarter, 24 million shares of A are corresponding to approximately $9.09 per share. After the news was released, StablecoinX's stock price on Friday rose by over 12 per cent. StablecoinX had a net loss of $34.2 million in the second quarter, most of which was due to the impairment of $36.2 million in digital assets generated by the ENA warehouse. Corporate operations are still in their early stages, with only US$ 62,372 in income from infrastructure services in the last two weeks of June, and its cumulative cross-chain transactions at the decentrized validation nodes have exceeded US$ 3 billion. StablecoinX started trading with USDE code in NASDAQ on June 26th. Some 285 million of its ENA treasury comes from Ethena Foundation and about 27.5 billion from PIPE financing in cash and in kind。