BlockBeats News, August 14th, ENA Treasury Company StablecoinX (USDE) released its first quarterly performance report since listing, as of the end of Q2 2026, the company held approximately 3 billion ENA, accounting for about 20% of the total ENA supply. At the current price, this is valued at over $250 million; based on the 24 million Class A common shares outstanding at the end of the quarter, this corresponds to approximately $9.09 per share. Following the announcement, StablecoinX's stock price surged over 12% in early Friday trading.

StablecoinX reported a net loss of $34.2 million in Q2, with a significant portion stemming from a $36.2 million impairment of its ENA holdings. The company's operations are still in the early stages, with infrastructure service revenue in the last two weeks of June amounting to only $62,372, and its decentralized validation node has facilitated cross-chain transaction volume exceeding $3 billion.

StablecoinX began trading on NASDAQ under the code USDE on June 26th. Approximately 285 million ENA in its treasury are from the Ethena Foundation, while around 2.75 billion ENA are from PIPE financing in cash and physical investments.