M2 Limited Capital, M2 Holdings Investment Arm, a UAE-based conglomerate, has purchased $20 million at the Ethena Endena Governance Stoken for the Ministry of Corporate Treasury.
The acquisition aims to connect with Ethena’s infrastructure, Ethena’s infrastructure, a decentralized finance protocol known for its synthetic Stavrocoin USDE and its version of rewards. M2 Holdings subsidiary that integrates these assets into M2 Global Wealth Patrimonial Management Offeraccording to the company’s statement.
Kim Wong, managing director and secretary of Treasury at M2 Holdings, commented:
but, ENA prices do not reflect the positive impact after this novelty. Ena has dropped by 4% in the last 24 hours. And over the past seven days, 19% is between $0.70 and $0.57, as observed in the following image.
As cryptographic reports, this is a trend between companies by the Digital Assets’ Corporate Treasury, led by Bitcoin (BTC), followed by Ethher (ETH), Solana (Sun), and now Ena, a lower capitalized digital activity.
