Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena’s Ena -Token jumped on Saturday more than 12% after the news that Stablecoinx Inc. won an extra capital increase of $ 530 million. The relocation is part of the continuous accumulation strategy of Stablecoinx for ENA, which considerably increases token holding in the Ethena Ecosystem.

Stablecoinx is expanding Ena Holdings

Stablecoinx has now lifted A total of $ 895 million in private investments in financing public shares (PIFE). This financing is expected to give the company control over more than 3 billion Ena -Tokens as soon as transactions close, so that the company is placed as an important player in the Ethena ecosystem. Marc Piano, director at the Ethena Foundation, said:

“This extra capital reinforces the resilience of the ecosystem, deepens the ENA, and supports the sustainable growth of Usde, USDTB and future Ethena products.”

With the increase in the scale, Stablecoinx can also expand to more institutional channels, put on the cover of leading investors and analysts and build a top class team.

Stablecoinx stated that this step is part of a deliberate, long-term strategy for capital allocation, designed to maximize exposure to the rising demand for digital dollars and at the same time increase the ENA growth for stakeholders.

Return program to support the ENA price

In accordance with the approach that was followed during the initial pipe increase, Stablecoinx will use the new cash yield to acquire tokens directly from a subsidiary of Ethena Foundation. Ethena confirmed that the subsidiary will initiate a back purchase of $ 310 million for the next six to eight weeks through third -party market makers.

At the current market levels, this new program, together with liquidity contributions from pipes investors from third parties, represents approximately 13% of the circulating range of ENA.

This return is a supplement to the earlier program that has been completed in the past six weeks, which has absorbed around 7.3% of the offer. It is important that the Ethena Foundation Veto power retains over any future ENA sales by Stablecoinx.

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“This is the most token-holder-uttered data financing structure under all the data increases we have seen.”

Strengthening the coordination between Stablecoinx and Ethena

The relationship between Stablecoinx and the Ethena Foundation emphasizes strategic coordination and making value in the long term. Future capital increases that are aimed at acquiring more locked ENA will channel the yield directly in the Purchase Spot anda, which further strengthens market demand.

The return and treasury obligations create constant, programmatic support for the token price of ENA, while also arousing trust in investors. By protecting almost $ 900 million in financing that is directly linked to ENA and to implement it in a structured person, Stablecoinx reinforces both the liquidity profile and the institutional credibility of the token.

Best example of Defi Legos today

The market reacted quickly, with ENA who climbed more than 12% after the announcement when traders interpreted the large -scale return and capital increase as a sign of strong institutional support.

Ethena has established an important presence in the Defi sector by offering opportunities with a high efficiency and withdrawing rapid capital inflow in 2025. The synthetic stablecoin, Usde, crossed $ 12 billion in delivery this year and marked it as one of the fastest growing assets in the market and the third largest stabilecoin through market capitalization.

The unique approach to the platform enables users to use their Usde to receive Susde, with current strike rewards that deliver around 8-9% APY for Susde and up to 29% APY for incentives for the use of core, making it a popular choice for yielding investors.

The ecosystem has also benefited from substantial institutional acceptance, multi-chain integrations and strategic partnerships, such as with Aave and Pendle, which further improve liquidity and capital efficiency for users.

From August 2025, Ethena reported more than $ 500 million in cumulative protocol income, and weekly income reached a peak at $ 13.4 million, which emphasizes performance and status as a leader under return-generating Defi-Protocols. As employees of the Blokwerken Jason Yanowitz stated:

“The success of Ethena (Emittent) + Pendle (yield market) + Aave (Geldmarkt) feels discussed. By far the best example of Defi Legos that exists today”