---
title: "TLGY follows Michael Saylor’s playbook with crypto treasury bet on ENA"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249459713.md"
description: "TLGY Acquisition Corp. is building a public company just to hold crypto, and they’re doing it Michael Saylor-style. According to Bloomberg, the blank check firm is merging with a smaller business to create StablecoinX, a company whose only real mission is reportedly to buy and hold ENA, the governance token for Ethena. TLGY is putting […] source:"
datetime: "2025-07-21T19:35:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249459713.md)
  - [en](https://longbridge.com/en/news/249459713.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249459713.md)
generator: "portal-rs"
---

# TLGY follows Michael Saylor’s playbook with crypto treasury bet on ENA

TLGY Acquisition Corp. is building a public company just to hold crypto, and they’re doing it Michael Saylor-style. According to Bloomberg, the blank check firm is merging with a smaller business to create StablecoinX, a company whose only real mission is reportedly to buy and hold ENA, the governance token for Ethena. TLGY is putting \[…\] source: https://www.cryptopolitan.com/tlgy-crypto-treasury-bet-on-ena/

### Related Stocks

- [TLGUF.US](https://longbridge.com/en/quote/TLGUF.US.md)
- [TLGYF.US](https://longbridge.com/en/quote/TLGYF.US.md)

## Related News & Research

- [TLGY Acquisition deregisters units, Class A shares and redeemable warrants after StablecoinX merger](https://longbridge.com/en/news/290998986.md)
- [StablecoinX Inc. Announces Closing of Business Combination with TLGY Acquisition Corp. and Commencement of Trading on Nasdaq | USDE Stock News](https://longbridge.com/en/news/290877974.md)
- [TLGY Acquisition Extends Deadline for Initial Business Combination](https://longbridge.com/en/news/286617847.md)
- [TLGY Acquisition Shareholders Approve SPAC Extension Amendment](https://longbridge.com/en/news/283404532.md)
- [TLGY Acquisition Corp. and StablecoinX Assets Inc. Announce Shareholder Approval of Business Combination | TLGUF Stock News](https://longbridge.com/en/news/278592395.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**