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![BlockStreetJ74 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1924499734292774912.png) BlockStreet Journal [@BlockStreetJ74](/creator/twitter/BlockStreetJ74) on x XX followers
Created: 2025-07-22 16:39:40 UTC

Ethena Foundation is launching StablecoinX, a $360M crypto treasury firm focused on $ENA accumulation.

$60M PIPE investment from Ethena

$300M+ from top funds: Dragonfly, Pantera, etc.

Goal: build long-term ENA reserves & maximize ENA/share

ENA = Nasdaq-listed play.

#ENA


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947698069572599903/c:line.svg)

**Related Topics**
[ena](/topic/ena)
[longterm](/topic/longterm)
[$300m](/topic/$300m)
[investment](/topic/investment)
[$60m](/topic/$60m)
[accumulation](/topic/accumulation)
[$360m](/topic/$360m)
[$ena](/topic/$ena)

[Post Link](https://x.com/BlockStreetJ74/status/1947698069572599903)