Venture Capital, Crypto Treasuries, and Ethena (ENA): A New York Perspective

Venture capital firms are diving into Ethena (ENA), while Trump Media embraces crypto treasuries. A look at the intersection of finance and digital assets.

Venture Capital, Crypto Treasuries, and Ethena (ENA): A New York Perspective

The worlds of venture capital, crypto treasuries, and innovative projects like Ethena (ENA) are colliding in exciting ways. Let's break down the latest developments and what they mean for the future of finance.

VCs Go All-In on Ethena (ENA)

Venture capitalists are setting up shop specifically to accumulate Ethena (ENA), a stablecoin-focused crypto project. TLGY Acquisition is merging with StablecoinX Assets, backed by a hefty $360 million investment. Even the Ethena Foundation is kicking in $60 million, alongside big names like Pantera Capital and Galaxy Digital.

The idea? These VCs believe in the long-term potential of stablecoins and see Ethena as a key player. As Young Cho, CEO of TLGY and SC Assets, puts it, Ethena is a “direct beneficiary of the growth in stablecoin adoption.” This move provides investors with a way to tap into the Ethena ecosystem through traditional capital markets.

Deploying capital to accumulate ENA at scale is a deliberate, multiyear capital allocation strategy that will enable StablecoinX to capture the value driven by the secular surge in demand for digital dollars while compounding intrinsic value per share.

Trump Media's Bitcoin Treasury Play

Meanwhile, Trump Media and Technology Group is making waves with its $2 billion investment in Bitcoin. This isn't just a random purchase; it's part of a larger strategy to establish a crypto treasury, similar to what Michael Saylor's MicroStrategy has done. Trump Media plans to roll out investment products, including ETFs, further integrating crypto into its business model.

CEO Devin Nunes stated that the bitcoin purchase will