StablecoinX reports holding 3 billion ENA tokens, valued at $218.4 million, amid a $34.2 million Q2 net loss.
Nasdaq-listed StablecoinX disclosed holdings of 3 billion ENA tokens as of June 30, valued at approximately $218.4 million. The position represents roughly 20% of the total ENA supply.
The company reported a Q2 net loss of $34.2 million, primarily due to $36.2 million in digital-asset impairment charges. Total assets reached $232.6 million, including $18.9 million in cash and cash equivalents.
No immediate market reaction was detailed in the report.