Ethena price

Have you started bidding yet or do we keep bleeding

Token Treasury via Nasdaq ➜ The New Crypto Playbook A new trend is emerging in crypto and it could reshape how protocols grow, raise capital, and create long-term value. Instead of launching token sales or chasing VC money, crypto protocols are now partnering with or acquiring public companies like those on Nasdaq. These companies raise funds and then use that capital to buy and hold the protocol’s token as treasury. This is a game-changer ↓ 1/Here’s how it works A crypto project wants more capital and long-term token value support. It finds or partners with a public company (usually Nasdaq-listed). That company raises money from traditional investors (by issuing shares, warrants, or bonds). Then it uses that money to buy the crypto project’s token and keeps it as a treasury reserve. It’s like having a public company as a strategic buyer and holder of your token. 2/Why it's happening? ➥ For the crypto project - Gets access to big money from equity markets (not just crypto VCs). - Builds a permanent and transparent treasury for their token. - Adds credibility by being linked to a regulated public company. ➥ For the public company - Can attract new investors excited about crypto. - Benefits if the token price goes up. - Becomes a key player in the ecosystem (like a digital asset holding company). 3/ Real Examples ➢ Avalanche (AVAX) + AVAX One Avalanche Foundation is raising $1 billion to support two crypto treasury companies. One of them is a Nasdaq company called AgriFORCE (AGRI), which is rebranding to “AVAX One”. Raise $550 million and buy hundreds of millions of dollars worth of AVAX tokens to hold in treasury. Big names like Anthony Scaramucci and Hivemind Capital are involved. This makes AVAX One the first public company dedicated to supporting Avalanche through a token treasury model. Stock price doubled after the announcement. ➢ Babylon + AACG (ATA Creativity Global) Babylon is building a Bitcoin-secured staking layer for crypto. They partnered with ATA Creativity Global (Nasdaq: AACG) to create a token treasury company focused on BABY (Babylon’s token) and BTC. Raise $100 million through share sales and warrants. Use that money to accumulate BABY and BTC into AACG’s balance sheet. They even call it a “strategic reserve treasury” for the Babylon ecosystem. And others ➢ A Solana-linked treasury company is being planned by Helius Medical (Nasdaq). ➢ A fund called StablecoinX is merging into a SPAC to raise $850M+ to accumulate ENA (Ethena token). 4/Why This Narrative Matters This strategy creates a new kind of flywheel - The token gains credibility and support. - The public company benefits from token price increases. - The protocol has more capital and long-term backers. - Token supply shrinks, making prices more likely to rise. ➥ It’s also a bridge between Wall Street and Web3. It gives traditional investors a way to get exposure to tokens indirectly by buying stock in a company that holds them. ➥ It’s like MicroStrategy for AVAX, BABY, ENA and many more to come.