StablecoinX Inc. reported its results for the second quarter of 2026, marking its transition to a public company following the June 25 merger with TLGY Acquisition Corporation. The company focused on consolidating its digital asset holdings and launching its infrastructure segments, reporting its initial revenue from infrastructure services in the final weeks of the quarter.
Key Highlights
- Established an ENA treasury of approximately 3.0 billion tokens, which was valued at $218.4 million at quarter-end market rates.
- Generated $62,372 in infrastructure services revenue during the final two weeks of June 2026.
- Reported a GAAP net loss of $34.2 million, or $15.27 per share, primarily driven by $36.2 million in non-cash impairment of digital intangible assets.
- Total assets reached $232.6 million as of June 30, 2026, including $18.9 million in cash and $212.9 million in digital assets carried at cost.
- ENA treasury value represented approximately $9.09 per share based on June 30, 2026 market prices.