Summary
- ArkStream Capital announced an additional investment of 10 million dollars in Ethena Labs.
- They said the total investment amount now reaches 15 million dollars.
- They said Ethena's metric growth and institutional innovation shown in the capital markets strengthened their conviction.
Crypto-native fund ArkStream Capital said it has made an additional investment of 10 million dollars in the stablecoin project Ethena Labs.
On the 5th (local time), ArkStream said on X (formerly Twitter), "We invested an additional 10 million dollars in Ethena Labs last month," adding, "This is part of a long-term strategy following an initial investment of 5 million dollars in December last year." With this increase, the total investment amounts to 15 million dollars.
The company explained, "Not only the explosive metric growth, but also the institutional innovation Ethena has shown in the capital markets strengthened our conviction."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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