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News

Ethena Banks $100M in Private Token Sale

The DeFi player turns to VCs for more cash.
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Feb 24, 2025 • 1 min read

Ethena Foundation raises $100 million from a private ENA token sale to develop its network and launch institutional products.

What’s the Scoop?

  • Major Investment Backing: Ethena Foundation has secured $100 million through a private sale of its ENA governance tokens, with investors including Franklin Templeton, Polychain, Pantera, Dragonfly, and F-Prime.
  • Focus on Expansion: The funds will be used to build out the Ethena chain and support the launch of its institutional product, iUSDe, aimed at traditional financial players.
  • Token Sale Details: The ENA tokens were sold at an average price of just under $0.40, currently trading at $0.42, down from a previous high of $1.27.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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