ENA Financial Corporation StablecoinX announces refinancing of $530 million as part of its ENA accumulation strategy. So far, StablecoinX has raised approximately $895 million through PIPE financing, and after the transaction is completed, its balance sheet is expected to hold over 3 billion ENA. A subsidiary of the Ethena Foundation will utilize the funds raised through this PIPE to initiate an ENA buyback plan of approximately $310 million, which is expected to be executed by third-party market makers within the next 6 to 8 weeks, with the buyback scale accounting for about 13% of the circulating supply. The first round of PIPE financing has been completed, with cumulative purchases accounting for approximately 7.3% of the circulating supply of ENA. The newly added buyback deployment plan is: when the ENA price is above $0.70, $5 million will be bought back daily; when the price is below $0.70 or when the drop exceeds 5% within 24 hours, $10 million will be bought back daily. #币圈 #BTC