Excited to see a successful follow on raise for StablecoinX of ~$530m which represents roughly 14% of the circulating market cap of $ENA. To put this into perspective, this raise is the equivalent of: i) Saylor raising ~$300b to buy BTC ii) Tom Lee raising ~$75b to buy ETH iii)~2x the circulating supply purchased with cash in the last raise The Ethena Foundation retains a veto right on any ENA sales by StablecoinX.